Thursday, January 4, 2018

AEGEA Medical Gets $40M For Medical Device

Redwood City-based AEGEA Medical, a developer of devices for endometrial ablation, said this week that it has raised $40M in funding. $30M of the funding came from Perceptive Advisors, with an additional $10M raised from Alloy Ventures, Delphi Ventures, Medtronic, BioMed Ventures, and Solas BioVentures, all existing investors. The company's medical devices are designed to treat menorrhagia, or abnormal uterine bleeding, in the doctor's office with minimal anesthesia/analgesia. AEGEA's President and CEO is Don Gurskis.