Thursday, January 14, 2010

The Foundry Gets $3M For New Medical Device Firm

Menlo Park medical device company incubator The Foundry reported Wednesday that it has received $3M in a Series A financing for its twelfth new company. Name of the new company--refereed to as "Foundry Newco XII"--was not disclosed. According to The Foundry, the funding came from Morgenthaler Ventures, Split Rock Partners, and Domain Associates. The incubator said it is not disclosing its product or market plans for the stealth firm. More information »