Tech Company Financing Transactions
Mercator MedSystems Funding Round
On 5/15/2006, Mercator MedSystems raised $2.3 million in funding from Palo Alto Venture Partners.
Transaction Overview
Company Name
Announced On
5/15/2006
Transaction Type
Venture Equity
Amount
$2,250,000
Round
Undisclosed
Investors
Palo Alto Venture Partners (Lead Investor) (Joon Yun)
Proceeds Purpose
The funds will be used to expedite the MicroSyringe's development aimed initially at treating restenosis, as well as to expand the product line to accommodate a range of blood vessel diameters. The financing also will be used to increase the number and scope of agreements with therapeutic companies seeking a safe method for delivering treatment directly to a disease site using the company's proprietary technology.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
1900 Powell St. 800
Emeryville, CA 94608
USA
Emeryville, CA 94608
USA
Phone
Website
Email Address
Overview
Mercator MedSystems, Inc., based in San Leandro, Calif., is a privately held medical technology company focused on commercializing catheter-guided, microfluid infusion systems for site-specific delivery of therapeutic agents for applications to vascular disease, oncology and regenerative medicine.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Trent Reutiman
Chief Financial Officer
Steve Baker
Chief Technical Officer
Kirk Seward
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