Tech Company Financing Transactions
Boomerang Medical Funding Round
On 11/2/2022, Boomerang Medical secured $15 million in Series A financing from Arboretum Ventures, Hatteras Venture Partners and private investors.
Transaction Overview
Company Name
Announced On
11/2/2022
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series A
Investors
Arboretum Ventures (Lead Investor)
Hatteras Venture Partners (Lead Investor)
Proceeds Purpose
The company will use the proceeds from the financing to advance clinical studies on neuromodulation for the treatment of autoimmune diseases, with an initial focus on Inflammatory Bowel Disease (IBD).
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
2495 Hospital Dr. 300
Mountain View, CA 94040
USA
Mountain View, CA 94040
USA
Phone
Website
Email Address
Overview
Boomerang Medical is a women-led clinical-stage company headquartered on the campus of El Camino Hospital in Mountain View, California. We are united by a common mission to bring new treatment options to patients with complex diseases. We are conducting clinical trials on a device-focused approach for treating autoimmune diseases by harnessing the body's own physiology through bioelectronic medicine.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Heather Simonsen
Chief Medical Officer
Amy Lightner
Chief Operating Officer
Pharoah Garma
VP - Finance
Mariela Baughman
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