Kona Medical lands $10M to reduce high blood pressure with ‘Surround Sound’ system

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Kona Medical has reeled in another $10 million in equity and debt financing to continue working on a novel method that uses ultrasound to reduce high blood pressure. The financing, provided by two undisclosed strategic investors as well as Essex Woodlands, Domain Associates, Morgenthaler Ventures, Western Technology Investments and BioStar Ventures, follows the company’s $30 million… Read More…

Cardiac Dimensions raises $5.8M, sets sights on Europe

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Kirkland-based Cardiac Dimensions recently raised $5.8 million in equity, debt and warrants, in order to buy shares from a group of 17 investors, according to a SEC filing and an article on Xconomy. The company, which produces a medical device intended to treat congestive heart failure, got clearance to sell its first product in Europe last… Read More…

Cadence Biomedical scores $1.1 million to help people with disabilities walk

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In what the company is describing as an oversubscribed venture round, Seattle medical device maker Cadence Biomedical has raised $1.1 million in new funding led by HealthTech Capital. Other participants include Sand Hill Angels, Tech Coast Angels, ACE Fund, Frontier Angel Fund, WINGS, Alliance of Angels and Keiretsu Forum Northwest. The money will be used to… Read More…

Bain Capital to buy Physio-Control from Medtronic for $487 million

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After 13 years under the umbrella of Medtronic, Redmond-based Physio-Control is getting a new corporate parent. It was announced this morning that the maker of defibrillators will be purchased by private equity firm Bain Capital for $487 million in cash. Physio-Control, which was founded more than 50 years ago and now has more than 650,000… Read More…

RF Surgical raises $12 million to detect lost surgical sponges

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RF Surgical Systems has raised $12 million, money that the Bellevue company will use to enhance its RFID technology for locating surgical sponges that doctors inadvertently leave behind during medical procedures. Investors in the round include Split Rock Partners, Menlo Ventures and Stanford University. The company released its RF Assure Detection System in November 2010, and since… Read More…