Apnex Medical Garners $14,000,000 New Funding Round

  • Feed Type
  • Date
    12/3/2009
  • Company Name
    Apnex Medical
  • Mailing Address
    2890 Centre Pointe Drive St. Paul, MN 55113
  • Company Description
    APNEX Medical is the second spin-out company of Prospex Medical, Inc.,
    a medical device incubator founded in 2005 by Michael Berman, Robert
    Atkinson, and Chad Kugler. The company is developing a medical device using active implantable technology to treat obstructive sleep apnea.
  • Website
    http://www.apnexmedical.com/
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $14,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The funds will be used to complete a clinical study and develop a second generation of its proprietary implantable technology designed to treat obstructive sleep apnea (OSA).
  • M&A Terms
  • Venture Investor
    Domain Associates
  • Venture Investor
    New Enterprise Associates
  • Venture Investor
    Polaris Venture Partners
  • Venture Investor
    Undisclosed

Trending on Xconomy