Tech Company Financing Transactions
Stimdia Medical Funding Round
Stimdia Medical secured a $16 million Series B financing round on 7/14/2022. Backers included Solas Bioventures and Draper Triangle Ventures.
Transaction Overview
Company Name
Announced On
7/14/2022
Transaction Type
Venture Equity
Amount
$16,000,000
Round
Series B
Investors
Solas Bioventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to continue to develop its solutions. In particular, the funding will support the initiation and completion of its planned FDA pivotal study that will be focused on demonstrating how the technology can strengthen the diaphragm, thereby enabling earlier liberation of patients from mechanical ventilation.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
5021 Vernon Ave.
Edina, MN 55436
USA
Edina, MN 55436
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Stimdia Medical, Inc. was founded in September 2015 out of the University of Minnesota and is located in the Minneapolis metropolitan area. The company has received funding from a prestigious group of investors led by Draper Triangle Ventures, University of Minnesota Discovery Capital Fund, Piedmont Capital Partners, and Solas Bioventures.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Jim Bullock
Chief Executive Officer
Tim Miller
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