Averto Medical raised $30.5M in a series A financing led by Cormorant Asset Management to advance ColoSeal™ Intraluminal Diversion System for clinical testing and regulatory approvals.
Amount Raised
$30.5 Million
Round Type
Series A
San FranciscoBiotechnologyHealth CareMedicalInvestors
Description
Averto Medical closed an oversubscribed $30.5 million series A financing led by Cormorant Asset Management with participation from Venrock Healthcare Capital Partners, LifeSci Venture Partners, CVF, and other investors. The funding will support advancing Averto Medical's clinical testing of the ColoSeal™ Intraluminal Diversion System towards regulatory approvals, targeting a multi-billion dollar market opportunity.
Quick answer
Averto Medical raised $30.5 Million in a Series A round, dated May 7, 2024. Investors: Cvf, Life Sci Venture Partners, Venrock Healthcare Capital Partners and Cormorant Asset Management. Averto Medical is based in San Francisco, California, United States.
- How much did Averto Medical raise?
- Averto Medical raised $30.5 Million in a Series A round on May 7, 2024.
- Who invested in Averto Medical?
- Cvf, Life Sci Venture Partners, Venrock Healthcare Capital Partners and Cormorant Asset Management are named as investors in this round.
- What does Averto Medical do?
- Averto Medical is a privately held clinical stage medical technology company focused on solutions for patients suffering from gastrointestinal diseases
- Where is Averto Medical based and how big is it?
- Averto Medical is based in San Francisco, California, United States. Fundz records about 8 employees.
- Who are the decision-makers at Averto Medical?
- Fundz holds 2 contacts at Averto Medical. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Medical and Biotechnology around the same time
Companies in the same sectors as Averto Medical that raised within 45 days of this round, from Fundz verified event records.
- Prenuvo raised $85M on June 20, 2024.
- Quantum Innovations raised $10M (Funding Round) on June 20, 2024.
- Ronovo Surgical raised $44M (Series B) on June 20, 2024.
- Insightec raised $150M (Funding Round) on June 18, 2024.
- Maximum Fidelity Surgical Simulations raised $2.2M (Seed) on June 17, 2024.
- Insightec raised $150M on June 17, 2024.
Who to call at Averto Medical, and when
A new round usually means Averto Medical is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Averto Medical raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Averto Medical, from your own LinkedIn network
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Funding Insights
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