Cervel Neurotech Garners $14,100,000 New Funding

  • Feed Type
  • Date
    4/23/2013
  • Company Name
    Cervel Neurotech
  • Mailing Address
    1164 Triton Drive Foster City, CA 94404
  • Company Description
    Cervel Neurotech, Inc. is a privately held medical device company that is pioneering an innovative, proprietary approach to non-invasive deep brain neuro-modulation. Cervel’s technology is a form of repetitive transcranial magnetic stimulation (rTMS) which uses magnetic fields to induce electrical currents within the brain to modulate the function of specific areas.
  • Website
    http://www.cervel.com
  • Transaction Type
    Debt, Venture Equity
  • Transaction Amount
    $14,100,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    This funding will allow us to undertake the larger scale clinical activities required to further validate our novel approach to delivering transcranial magnetic therapy.
  • M&A Terms
  • Venture Investor
    D. E. Shaw Group
  • Venture Investor
    Aberdare Ventures
  • Venture Investor
    East West Bank
  • Venture Investor
    Undisclosed

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