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MicroCHIPS brings in $16.5mm through its Series C round

Executive Summary

MicroCHIPS (implantable medical devices to deliver drugs) has raised $16.5mm through a Series C venture round. New backer InterWest Partners was joined by current investors Polaris Venture Partners, Flybridge Capital Partners, Novartis Venture Fund, Medtronic, Saints Capital, Intersouth Partners, Care Capital, and CSK Venture Capital. Funds will be used to advance its osteoporosis and diabetes programs.
Deal Industry
  • Medical Devices
  • Pharmaceuticals
    • Drug Delivery
  • Medical Devices
    • Implantable Devices
    • Monitoring Equipment & Devices
  • Biotechnology
    • Nanotechnology, Chips, etc.
Deal Status
  • Final
Deal Type
  • Financing
    • Venture Financing

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