Monday, October 21, 2013

Insightra Medical Gets Funding For Medical Devices

Irvine-based Insightra Medical, the developer of a medical device used for treating hernias, has raised a Series C financing round, the company announced this morning. Size of the round was not announced. The funding was co-led by Baird Capital, and also included Tekla Capital Management. The company said that Michael Liang from Baird Capital and Frank Gentile from Tekla will both join the company's board as part of the funding. The funds go towards product development, sales force growth, and international expansion. The company's first product is the Freedom Inguinal Hernia System.

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