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Onlume Surgical Completes $7 Million Series A Financing

PRIVATEApr 30, 2021

Amount Raised

$7 Million

Round Type

Series A

Madison

Description

OnLume Surgical, a Wisconsin-based medical device company developing novel imaging systems for use during surgery, announced the completion of its Series A funding to assist its plans for commercial launch.

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Company Information

Company

On Lume

Location

Madison, New Jersey, United States

About

OnLume Inc. is a surgical device company which recently received its first FDA regulatory clearance to bring its fluorescence-guided surgery (FGS) imaging system to market. The technology is cleared for fluorescence imaging of blood flow and tissue perfusion before, during and after vascular, gastrointestinal, organ transplant, plastic, reconstructive and microsurgeries. OnLume is developing further applications of its imaging platform, including FGS for cancer surgery in which tumor-specific drugs could deliver fluorescent agents to cancer cells to help surgeons identify residual cancer tissue that are otherwise invisible.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

On Lume 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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