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Enspire Dbs Therapy Announces $17.6 Million Series B Financing To Advance The Development Of Deep Brain Stimulation (Dbs) Plus Rehabilitation For Stroke Patients

PRIVATEAug 01, 2023

Amount Raised

$17.6 Million

Round Type

Series B

ClevelandBiotechnologyHealth CareMedical

Investors

Jobs Ohio Growth Capital FundCleveland Clinic

Description

Enspire DBS Therapy, Inc., (Enspire) a clinical stage company developing an implantable neuromodulation therapy for post-stroke recovery, announced today that it raised $17.6 million of committed capital in a Series B financing led by existing investor, Cleveland Clinic. Also participating in the round were JobsOhio Growth Capital Fund and an undisclosed investor.

Quick answer

Enspire raised $17.6 Million in a Series B round, dated August 1, 2023. Investors: Jobs Ohio Growth Capital Fund and Cleveland Clinic. Enspire is based in Cleveland, Ohio, United States.

How much did Enspire raise?
Enspire raised $17.6 Million in a Series B round on August 1, 2023.
Who invested in Enspire?
Jobs Ohio Growth Capital Fund and Cleveland Clinic are named as investors in this round.
What does Enspire do?
Enspire DBS Therapy, in partnership with Cleveland Clinic and Boston Scientific, is developing a proprietary deep brain stimulation (DBS) therapy to restore motor function for stroke survivors living with disability.
Where is Enspire based and how big is it?
Enspire is based in Cleveland, Ohio, United States. Fundz records about 10 employees.
Who are the decision-makers at Enspire?
Fundz holds 2 contacts at Enspire. 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 Enspire that raised within 45 days of this round, from Fundz verified event records.

  • Sempre Health raised $20M (Funding Round) on September 13, 2023.
  • AWAK Technologies raised $20M (Funding Round) on September 13, 2023.
  • Renibus Therapeutics raised an undisclosed amount (Series B) on September 12, 2023.
  • Streamex Corp. raised $794K (Seed) on September 12, 2023.
  • VeinWay raised an undisclosed amount (Series A) on September 7, 2023.
  • Aptose Biosciences raised $3M (Seed) on September 6, 2023.

Who to call at Enspire, and when

A new round usually means Enspire is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Enspire

Location

Cleveland, Ohio, United States

About

Enspire DBS Therapy, in partnership with Cleveland Clinic and Boston Scientific, is developing a proprietary deep brain stimulation (DBS) therapy to restore motor function for stroke survivors living with disability. Enspire is currently sponsoring EDEN, a Phase I clinical trial of DBS therapy for stroke recovery.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Enspire raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.