Tuesday, July 7, 2009

Relievant Medsystems Raises $20M

Redwood City-based Relievant Medsystems reports today that it has raised $20M in a private equity financing round. According to Relievant, the round was led by Morgenthaler Ventures, and also included Canaan Partners, ONSET Ventures, and Emergent Medical Partners. Morgenthaler's Hank Plain joins the board with the funding. Relievant Medsystems is developing a minimally invasive treatment for chronic low back pain. More information »