Tech Company Financing Transactions

EnteroMedics Funding Round

Bay City Capital, Aberdare Ventures and CLS joined a $16.9 million Series B funding round for EnteroMedics. The financing round was announced on 11/30/2004.

Transaction Overview

Company Name
Announced On
11/30/2004
Transaction Type
Venture Equity
Amount
$16,900,000
Round
Series B
Investors

Bay City Capital (Lead Investor) (Carl Goldfischer)

Aberdare Ventures (Terry Spraker)

CLS (Donald Harrison)

MPM Capital (Luke Evnin)

Proceeds Purpose
Proceeds from the financing will be used to advance the clinical development of the company's lead product candidate for the treatment of obesity.

Company Information

Company Status
Publicly-held
Industry
Medical Devices & Instruments
Mailing Address
2800 Patton Rd.
St. Paul, MN 55113
USA
Email Address
Overview
EnteroMedics Inc. (NASDAQ: ETRM), a medical device company, focuses on the design and development of devices that use neuroblocking technology to treat obesity, metabolic diseases, and other gastrointestinal disorders.
Profile
EnteroMedics LinkedIn Company Profile
Social Media
EnteroMedics Company Twitter Account
Company News
EnteroMedics News
Facebook
EnteroMedics on Facebook
YouTube
EnteroMedics on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Daniel Gladney
  Daniel Gladney LinkedIn Profile  Daniel Gladney Twitter Account  Daniel Gladney News  Daniel Gladney on Facebook
Chief Financial Officer
Scott Youngstrom
  Scott Youngstrom LinkedIn Profile  Scott Youngstrom Twitter Account  Scott Youngstrom News  Scott Youngstrom on Facebook
Chief Medical Officer
Scott Shikora
  Scott Shikora LinkedIn Profile  Scott Shikora Twitter Account  Scott Shikora News  Scott Shikora on Facebook
VP - Marketing
Paul Hickey
  Paul Hickey LinkedIn Profile  Paul Hickey Twitter Account  Paul Hickey News  Paul Hickey on Facebook
VP - Operations
Peter Delange
  Peter Delange LinkedIn Profile  Peter Delange Twitter Account  Peter Delange News  Peter Delange on Facebook
VP - Sales
Nick Ansari
  Nick Ansari LinkedIn Profile  Nick Ansari Twitter Account  Nick Ansari News  Nick Ansari on Facebook


 

 

Browse more venture capital transactions:

Prev: 11/30/2004: Metabolex venture capital transaction
Next: 12/1/2004: Bsafe Information Systems venture capital transaction

 

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We do our best to report on all VC transactions involving tech companies. VC transactions reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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