Tuesday, March 13, 2012

Halt Medical Gains $20M

Livermore-based Halt Medical, a medical devices firm which is developing equipment to treat uterine fibroids, has raised $20M in debt and equity funding. The funding came from American capital, Ltd., along with other affiliates. Terms of the debt funding were not disclosed. American Capital said the investment will go towards obtaining FDA approval for the surgical use of Halt Medical's products. Halt had announced the investment in February, which it said is part of a $50M funding round currently in the works. More information »