Tech Company Financing Transactions
CardioMEMS Funding Round
CardioMEMS, operating out of Atlanta, raised $60 million from St. Jude Medical.
Transaction Overview
Company Name
Announced On
9/8/2010
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Undisclosed
Investors
St. Jude Medical (Eric Fain)
Proceeds Purpose
The agreement provides St. Jude Medical an immediate 19 percent ownership in CardioMEMS and the exclusive option to acquire the company for an additional payment of $375 million during the period that extends through the completion of certain commercialization milestones.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
387 Technology Cir. NW 500
Atlanta, MN 30313
USA
Atlanta, MN 30313
USA
Phone
Website
Email Address
Overview
St. Jude Medical develops medical technology and services that focus on putting more control into the hands of those who treat cardiac, neurological and chronic pain patients worldwide.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Starks
Chief Marketing Officer
Lisa Andrade
Chief Operating Officer
Michael Rousseau
Executive Vice President
John Heinmiller
Browse more venture capital transactions:
Prev: 9/8/2010: TRACON Pharmaceuticals venture capital transaction
Next: 9/8/2010: Pasteuria BioScience venture capital transaction
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC transactions reported here are sourced from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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