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Med Device Firm Lands Funding

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by John Cook
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Aug 26 2010 7:02am EDT

Med Device Firm Lands Funding

TechFlash reports: NeuroVista has raised $21.5 million in new financing as the Seattle company continues to develop new medical devices for the treatment of epilepsy. The funding included a $5 million convertible debt round with Cyberonics Inc., which also agreed to enter into a second license agreement with NeuroVista. The remaining $16.5 million in equity financing was provided by GBS Venture Partners, Advanced Technology Ventures, Delphi Ventures and Foundation Medical Partners.

For more on NeuroVista, go to TechFlash.

John Cook is executive editor of the Puget Sound Business Journal's TechFlash blog.

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