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Obalon brings in $20mm via Series D and $10mm term loan
16 Jan 2015
Obalon Therapeutics Inc. (balloon device for weight loss) raised $20mm in Series D funding from returning backers Domain Associates, InterWest Partners, and Okapi Venture Capital, and new investors Axon Ventures, Bader Sultan & Bros., Mirae Asset Venture Investment, NeoPlux, and Striker Asia Opportunities Fund. Obalon also received a $10mm term loan from Square 1 Bank. Funds will help support US clinical trials of the Obalon balloon as the company prepares it for FDA approval.
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