Tech Company Financing Transactions
Velocimed Funding Round
Velocimed, based in Maple Grove, secured $16.5 million from RiverVest Venture Partners, The Vertical Group and Warburg Pincus.
Transaction Overview
Company Name
Announced On
9/21/2004
Transaction Type
Venture Equity
Amount
$16,500,000
Round
Series D
Proceeds Purpose
The funds from this significant round of financing will be used to complete the pivotal U.S. clinical trial for the Proxis Embolic Protection System, and to launch the Premere PFO Closure System and Venture Wire Control Catheter internationally.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
11400 73rd Avenue 134
Maple Grove, MN 55369
USA
Maple Grove, MN 55369
USA
Phone
Website
Email Address
Not Recorded
Overview
Velocimed is a developer, manufacturer and marketer of Medical Devices & Instruments whose products will be used in a broad range of interventional cardiology and neurology applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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