Friday, December 11, 2009

Monterey Devices Gets $2.5M

Soquel-based Monterey Devices, a stealth mode developer of a drug delivery system, has raised $2.5M out of a $7.0M funding round, according to a regulatory filing by the firm this week. The firm lists a representative of MOntage Capital, a venture debt provider, on its board. No details of the funding have been released by the company. The company is headed by Matthew Stepovich. More information »