Acutus Medical Raises $75M

Carlsbad-based Acutus Medical, a developer ofmedical equipment for diagnosing and imaging cardiac arrhythmia, has raised $75M in a Series C funding, the company said this morning. The financing round came from Deerfield Management Company, Xeraya Capital and an undisclosed strategic investor, along with existing investor Advent Life Sciences, plus OrbiMed and GE Ventures. Acutus Medical makes a catheter which is used to create 3-D imaging of electrical activity in the heart, used by electrophysiologists to image, diagnose, and treat complex cardiac arrhythmia. Acutus said the new funding will go towards further development of its products, expand its clinical programs, and develop a U.S. and European sales force. More information »