Tech Company Financing Transactions
Millipede Funding Round
Millipede, based in Santa Rosa, secured $90 million in investment from Boston Scientific Corporation.
Transaction Overview
Company Name
Announced On
1/25/2018
Transaction Type
Venture Equity
Amount
$90,000,000
Round
Undisclosed
Investors
Boston Scientific Corporation (Ian Meredith)
Proceeds Purpose
Boston Scientific has the option to acquire the remaining shares of the company at any time prior to the completion of a first in human clinical study that meets certain parameters. Upon the completion of the clinical study, Millipede has the option to compel Boston Scientific to acquire the remaining shares of the company. Each company's option period expires by the end of 2019. Completion of this acquisition would result in an additional $325M payment by Boston Scientific at closing with a further $125M becoming payable upon achievement of a commercial milestone.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
1745 Copperhill Pkwy. 6
Santa Rosa, CA 95403
USA
Santa Rosa, CA 95403
USA
Phone
Email Address
Not Recorded
Overview
Millipede is a company developing devices to repair the mitral valve of the heart.
Profile
Social Media
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Management Team
Title
Name
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