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Amount Raised
$73 Million
Round Type
Debt Financing
MinnetonkaManufacturingBiotechnologyHealthcareHealth CareMedicalMedical DeviceDescription
Monteris Medical, a private medical technology company dedicated to becoming the technology leader in minimally invasive brain surgery, announced it has secured $73 million in financing including $35 million in new Series D equity and a $38 million debt facility. The equity financing was led by new investor, InnovaHealth Partners, and was supported by existing lead investor, Birchview Capital. The debt facility, provided by Madryn Asset Management, LP, extended $28 million at closing, with the option to draw an additional $10 million upon the achievement of certain milestones. The proceeds will be used to support important market adoption, clinical research and technology programs and will permit the company to refinance its current obligation.
Fundz sees it the moment Monteris Medical raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Monteris Medical raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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