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Glaucoma device developer Transcend raises $20mm Series B; closes round at $51mm

Executive Summary

Transcend Medical, which is developing the minimally invasive stent CyPass to reduce intra-ocular pressure from glaucoma, has raised $20mm out of a potential $40mm in Series B financing, according to the Form D filing. First-time backer HLM Venture Partners led and was joined by other new investors Canaan Partners, Technology Partners, and Latterell Venture Partners. Existing shareholders Morgenthaler Ventures and Split Rock Partners also participated.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Implantable Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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