VenoStent Completes $20 Million Series A with $4 Million Investment from Norwest Venture Partners [Yahoo! Finance]
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Source: Yahoo! Finance
HOUSTON June 27, 2024 /PRNewswire/ -- VenoStent, Inc ., a clinical-stage medical device company developing a novel therapeutic device for improving dialysis patient outcomes, announced today that it closed an additional $4 million from Norwest Venture Partners to round out its Series A financing at $20 million with Good Growth Capital and IAG Capital Partners co-leading the deal. In addition, the company was awarded a $3.6 million Small Business Innovation Research (SBIR) Phase II Grant by the National Institutes of Health (NIH), which will help fund its multi-center, 200-patient, randomized controlled trial (RCT) in the US Norwest General Partner Dr. Zack Scott and Investor Dr. Ehi Akhirome are joining the company as board observers. Dr. Scott and Dr. Akhirome bring deep medtech expertise from previous experience as a surgeon and physician scientist, respectively. "2024 has been a momentous year for VenoStent so far. In the span of a few months, we initiated our first clinical s
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