Tech Company Financing Transactions
Apnex Medical Funding Round
On 9/24/2012, Apnex Medical raised $10 million in financing from New Enterprise Associates.
Transaction Overview
Company Name
Announced On
9/24/2012
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company is testing the device on patients in Australia, Europe and the United States. The study will prepare the company to pursue regulatory approval to sell the device.
Company Information
Company Status
Out of Business
Industry
Medical Devices & Instruments
Mailing Address
2890 Centre Pointe Dr.
St. Paul, MN 55113
USA
St. Paul, MN 55113
USA
Phone
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Robert Atkinson
VP - R & D
Steve Bolea
VP - Regulatory Affairs
Ginny Kirby
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Our team works diligently to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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