logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Candesant Biomedical Announces $35M In Series B Financing To Advance Commercialization Of Brella™, The First And Only Fda-Cleared 3-Minute Sweatcontrol Patch™

Jun 06, 2023over 2 years ago

Amount Raised

$35 Million

Round Type

series b

NashvilleBiotechnologyHealth CareManufacturingMedical DeviceMedical

Investors

Correlation VenturesAstia FundPolaris PartnersKck Med Tech

Description

Candesant Biomedical, Inc. ("Candesant"), a private medical device company focused on the development and commercialization of non-invasive treatments for hyperhidrosis or excessive sweating, today announced the closing of a Series B financing, raising a total of $35 million to advance the commercialization of Brella, the first-and-only FDA-cleared 3-Minute SweatControl Patch. The financing was led by KCK MedTech, a venture capital firm specializing in medical technologies, along with other investors including Polaris Partners, Astia Fund, and Correlation Ventures.

Company Information

Company

Candesant Biomedical, Inc.

Location

3145 GEARY BLVD., SUITE 711

Nashville, Arkansas, United States

About

Candesant Bio is a clinical stage company that is driving research and development of its novel, investigational sweat control patch designed to offer underarm sweat relief with no downtime. Learn more about our company and technology by visiting Candesant.com

Related People

2 contacts

Sign in to view contact details

Sign in to view contact details

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech