Tech Company Financing Transactions
Magenta Medical Funding Round
Magenta Medical secured a $55 million funding round on 5/3/2023. Investors included OrbiMed, ALIVE Israel HealthTech Fund and New Enterprise Associates.
Transaction Overview
Company Name
Announced On
5/3/2023
Transaction Type
Venture Equity
Amount
$55,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to advance the clinical programs of its product in the United States towards its first FDA approval.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
10 Allen St.
Hanover, NH 03755
USA
Hanover, NH 03755
USA
Phone
Email Address
Not Recorded
Overview
Magenta Medical is developing a device that provides hemostasis during minimally-invasive off pump coronary artery bypass graft surgery, without the use of an aortic clamp.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ehud Schwammenthal
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We report on all VC transactions involving tech companies. VC transactions on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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