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Route 92 Medical Announces $50 Million Series F Extension Equity Financing with Novo Holdings

Sep 23, 2024

Contract Type

partnership

San MateoManufacturingBiotechnologyHealthcareFinancial ServicesHealth CareMedical

Description

Route 92 Medical, Inc. announced a $50 million extension to its oversubscribed Series F financing, with Novo Holdings joining U.S. Venture Partners, Norwest Venture Partners, InnovaHealth Partners, and The Vertical Group in supporting the round. The funds will support global commercial expansion and pursuit of regulatory authorizations in new geographies for its neurovascular intervention portfolio.

Company Information

Company

Route 92 Medical

Location

San Mateo, California, United States

About

The Route 92 Medical platform utilizes the Monopoint operating system including an 088 catheter delivered to the neurovasculature using the specialized Tenzing catheter. The firm focuses on a diversified portfolio of lead investment positions and collaborates closely with each management team. The firm invests in early to late-stage businesses across a wide range of sectors with a focus on consumer, enterprise, and healthcare.

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Agreement Insights

What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

Route 92 Medical signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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