Tech Company Financing Transactions
Aqua Medical Funding Round
Shangbay Capital, ForMED Ventures and Ithaka Partners participated in a $8.2 million Series A funding round for Aqua Medical. The round was announced on 9/3/2020.
Transaction Overview
Company Name
Announced On
9/3/2020
Transaction Type
Venture Equity
Amount
$8,200,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to advance its novel vapor-based ablation system to treat precancerous conditions and metabolic disease such as type 2 diabetes in the gastrointestinal (GI) tract.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
191 West Second St.
Santa Ana, CA 92701
USA
Santa Ana, CA 92701
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Aqua Medical's unique ablation technology consists of high-temperature water vapor created by a radio frequency generator, and delivered endoscopically through proprietary catheters to the GI tract. It is a true platform technology in that a single vapor generator system with two unique catheter types can deliver treatment for multiple diseases throughout the GI tract.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Lloyd Mencinger
Chief Financial Officer
Gregory Wilson
Chief Marketing Officer
Virender Sharma
VP - R & D
Scott Mcgill
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Next: 9/3/2020: Legion Technologies venture capital transaction
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