BAROnova Lands $7,500,000 Series D Financing

  • Feed Type
  • Date
    9/16/2016
  • Company Name
    BAROnova
  • Mailing Address
    281 Magnolia Avenue Goleta, CA 93117 USA
  • Company Description
    BAROnova, Inc., founded in 2006 and based in Goleta, CA, is a clinical-stage medical-device company focused on developing non-surgical non-pharmacologic devices to induce weight loss. BAROnova® recently closed its Series D financing of $36.5 million to continue the clinical development of their TransPyloric Shuttle® weight-loss system.* This technology focuses on potentially slowing a person’s gastric emptying,…
  • Website
    http://www.baronova.com
  • Transaction Type
    Debt
  • Transaction Amount
    $7,500,000
  • Transaction Round
    Series D
  • Proceeds Purposes
    Proceeds from the credit facility will supplement the company’s recently raised Series D equity round to support continued growth and strategic initiatives.
  • M&A Terms
  • Venture Investor
    Square 1 Bank

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