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Ablative Solutions gets $77mm via Series D

Executive Summary

Cardiovascular device maker Ablative Solutions Inc. raised $77mm in its Series D financing led by first-time backer Gilde Healthcare, returning investor BioStar Ventures, and an undisclosed new strategic corporate investor. Other existing shareholders Michigan Accelerator Fund, Novus Biotechnology, and individuals also participated. The company will use the funding to finish clinical trials in preparation of US and European regulatory submissions for its minimally invasive Peregrine System, a renal denervation technology to help reduce blood pressure for people with uncontrolled hypertension who are taking antihypertensive medication.
Deal Industry
  • Medical Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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