Tuesday, May 6, 2008

Cardiva Medical Raises $15.5M

Mountain View-based Cardiva Medical said Monday that it has raised $15.5M in a private equity financing. The funding was lead by PTV Sciences, and also included prior investors Galen Partners, Sycamore Ventures, Amkey Ventures, Lexli Investment, and Eminent Venture Capital. Cardiva is developing vascular closing medical devices. According to the firm, the funding will go towards general corporate purposes and expansion of its U.S. sales force. More information »