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Neuspera Medical Raises $23 Million in Series D Financing led by Vertex Ventures HC and Treo Ventures

Jul 15, 2024over 1 year ago

Amount Raised

$23 Million

Round Type

series d

San JoseHealthcare

Investors

Olympus Innovation VenturesWindham Venture PartnersAction Potential Venture CapitalTreo VenturesVertex Ventures Hc

Description

Neuspera Medical, Inc., a neuromodulation company, has closed its Series D funding round, raising $23 million. The round was led by Vertex Ventures HC and Treo Ventures, with participation from Action Potential Venture Capital, Windham Venture Partners, Olympus Innovation Ventures, and another strategic investor. The funding will support the expected U.S. Food and Drug Administration (FDA) premarket approval (PMA) of the Neuspera System, designed to provide relief from urinary urge incontinence (UUI), a symptom of overactive bladder (OAB).

Company Information

Company

NeuSpera Medical

Location

51 Daggett Drive

San Jose, California, United States

About

Neuspera Medical, Inc. is committed to developing implantable medical devices that will improve the lives of patients battling chronic illnesses. The Neuspera platform is designed to provide patients and physicians with new, and potentially earlier, treatment options that are less invasive and more adaptable. These therapeutic alternatives aim to help patients restore their health and well-being for a better quality of life.

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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