Rhaeos Raises $10.5M In Series A Funding To Launch Novel Hydrocephalus Shunt Monitor And Accelerate Pipeline Product Development
Amount Raised
$10.5 Million
Round Type
Series A
EvanstonBiotechnologyHealth CareMedicalMedical DeviceInvestors
Description
Rhaeos®, Inc. (Rhaeos), a clinical stage medical device company focused on addressing an unmet need in the care of people with hydrocephalus, today announced the successful closing of $10.5 million in Series A funding led by the Steele Foundation for Hope, bringing Rhaeos' total funding to date to more than $18 million. Other round participants include follow-on investors, Creative Ventures and Lateral Capital. The funding will be used to support the in-hospital launch of the FlowSense® shunt monitor, a wireless, non-invasive thermal sensor that rapidly monitors shunt function in people with hydrocephalus
Quick answer
Rhaeos raised $10.5 Million in a Series A round, dated February 16, 2023. Investors: Lateral Capital, Creative Ventures and Steele Foundation For Hope. Rhaeos is based in Evanston, Illinois, United States.
- How much did Rhaeos raise?
- Rhaeos raised $10.5 Million in a Series A round on February 16, 2023.
- Who invested in Rhaeos?
- Lateral Capital, Creative Ventures and Steele Foundation For Hope are named as investors in this round.
- What does Rhaeos do?
- Rhaeos, Inc. is a pioneer in medical device wearables for hydrocephalus, with its groundbreaking FlowSense technology designed to monitor cerebrospinal fluid shunt function rapidly and non-invasively.
- Where is Rhaeos based and how big is it?
- Rhaeos is based in Evanston, Illinois, United States.
- Who are the decision-makers at Rhaeos?
- Fundz holds 1 contact at Rhaeos, including the Senior R&D Engineer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Medical and Medical Device around the same time
Companies in the same sectors as Rhaeos that raised within 45 days of this round, from Fundz verified event records.
- INTRINSIC THERAPEUTICS raised $5.9M on March 29, 2023.
- Flyte Aviation, Inc. raised $8M on March 23, 2023.
- Eximis Surgical raised $15M on March 21, 2023.
- Clarapath raised $11M on March 20, 2023.
- Autonomix Medical raised $675K (Seed) on March 6, 2023.
- SigTuple raised $4.5M (Seed) on March 1, 2023.
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