Thursday, January 8, 2009

Concentric Medical Gets $15M

Mountain View-based Concentric Medical announced Thursday that the firm has raised $15M in a new round of funding. The round was led by new Enterprise Associates, and also included other existing and new investors. Concentric Medical develops medical devices for clot removal in ischemic stroke patients. The firm did not say which prior investors participated in the round, however has previously raised funding from Hambrecht & Quist, International Life Sciences Fund, Oxford Bioscience Partners, Proquest, and others. The firm abandoned plans for an IPO in early 2008. More information »