Tech Company Financing Transactions

PneumRx Funding Round

On 3/6/2007, PneumRx announced $27 million in Series B funding from Adams Harkness Ventures, Alta Partners and KBL Healthcare Ventures.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series B
Proceeds Purpose
PneumRx expects to use the Series B funds to complete clinical trials and prepare for commercialization of two major medical devices. PneumRx's PneuSeal(TM) product, a proprietary, highly adhesive sealant, is currently undergoing clinical trials in Germany to assess its safety and effectiveness for reducing pneumothorax complications in lung biopsy.

Company Information

Company Status
Acquired or Merged
Medical Devices & Instruments
Mailing Address
530 Logue Avenue
Mountain View, CA 94043
Email Address
PneumRx is a rapidly growing medical device company dedicated to providing innovative devices to clinicians that will assist in early diagnosis and minimally invasive treatment of lung diseases.
PneumRx LinkedIn Company Profile
Social Media
PneumRx Company Twitter Account
Company News
PneumRx News
PneumRx on Facebook
PneumRx on YouTube

Management Team

Email & Social
Chief Executive Officer
Erin McGurk
  Erin McGurk LinkedIn Profile  Erin McGurk Twitter Account  Erin McGurk News  Erin McGurk on Facebook
Chief Financial Officer
Nicola Downes
  Nicola Downes LinkedIn Profile  Nicola Downes Twitter Account  Nicola Downes News  Nicola Downes on Facebook
Chief Technical Officer
Mark Mathis
  Mark Mathis LinkedIn Profile  Mark Mathis Twitter Account  Mark Mathis News  Mark Mathis on Facebook
VP - Manufacturing
David Thompson
  David Thompson LinkedIn Profile  David Thompson Twitter Account  David Thompson News  David Thompson on Facebook
VP - Marketing
Lisa Rogan
  Lisa Rogan LinkedIn Profile  Lisa Rogan Twitter Account  Lisa Rogan News  Lisa Rogan on Facebook
VP - Regulatory Affairs
Kara Reiter
  Kara Reiter LinkedIn Profile  Kara Reiter Twitter Account  Kara Reiter News  Kara Reiter on Facebook



Browse more venture capital transactions:

Prev: 3/6/2007: VentiRx Pharmaceuticals venture capital transaction
Next: 3/6/2007: SpeechCycle venture capital transaction


Share this article


About Our Venture Capital Transactions Database

We report on all VC transactions involving tech companies. VC investment data records reported here come from news reports and company announcements. The information comes to us via our partnership with, an affiliated venture.


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities


Business Glossary