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August 30, 2010

EndoGastric Solutions raises $30M in new funding

Filed under: online — Tags: , , — DoctorBusiness @ 9:57 pm

EndoGastric Solutions Inc. said Monday it raised $30 million in a new funding round.

The Redwood City company focuses on procedures to treat upper gastrointestinal diseases.

Co-leading the round were Canaan Partners, which has an office in Menlo Park, and New York-based Radius Ventures.

Also participating were Advanced Technology Ventures, MPM Capital, Foundation Medical Partners, Chicago Growth Partners, and De Novo Ventures business card.

Following the investment, Brent Ahrens of Canaan Partners and Kathleen Regan of Radius Ventures joined the company's board of directors.

Click here to read the press release.

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