VeloMedix Garners $10,200,000 Series B Financing

  • Feed Type
  • Date
    2/8/2012
  • Company Name
    VeloMedix
  • Mailing Address
    1445 Adams Dr. Menlo Park, CA 94025
  • Company Description
    VeloMedix, Inc. is a therapeutic hypothermia company that safely cools much more rapidly than competitive technologies.
  • Website
    http://www.velomedix.com
  • Transaction Type
    Debt, Venture Equity
  • Transaction Amount
    $10,200,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Proceeds from the company’s recent financing will be used to initiate a post-CE Mark trial in support of EU commercialization and obtain U.S. Food and Drug Administration approval for a clinical study in the United States.
  • M&A Terms
  • Venture Investor
    Undisclosed

Trending on Xconomy