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Svelte Medical Systems completes $20mm Series A round; adds on later

Executive Summary

Svelte Medical Systems (stents) has raised a total of $20mm through the closing of a $6mm tranche of its oversubscribed Series A venture round. CNF Investments, Apjohn Ventures, the Fischell family, and Norwich Ventures were some of the investors. The four-year-old company is working on an expandable balloon stent and has technology to develop a drug-eluting stent.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Implantable Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • Venture Financing

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