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SecondWave Systems raised $3 million in additional funding from ARPA-H in partnership with DARPA to further develop the MINI technology platform for at-home treatment of RA.

PRIVATEMar 28, 2024

Amount Raised

$3 Million

Round Type

Seed

MinneapolisBiotechnologyHealth Caremedical devices

Investors

Advanced Research Projects Agency For HealthDefense Advanced Research Projects Agency (Darpa)

Description

SecondWave Systems secured $3 million of additional funding from ARPA-H in partnership with DARPA, bringing the total non-dilutive funding from U.S. government agencies to $15.3 million. The funding will enable the implementation of the MINI technology platform in a pivotal clinical trial for at-home treatment of RA.

Quick answer

SecondWave Systems raised $3 Million in a Seed round, dated March 28, 2024. Investors: Advanced Research Projects Agency For Health and Defense Advanced Research Projects Agency (Darpa). SecondWave Systems is based in Minneapolis, Minnesota, United States.

How much did SecondWave Systems raise?
SecondWave Systems raised $3 Million in a Seed round on March 28, 2024.
Who invested in SecondWave Systems?
Advanced Research Projects Agency For Health and Defense Advanced Research Projects Agency (Darpa) are named as investors in this round.
What does SecondWave Systems do?
SecondWave Systems is revolutionizing treatment of inflammatory disease.
Where is SecondWave Systems based and how big is it?
SecondWave Systems is based in Minneapolis, Minnesota, United States. Fundz records about 15 employees.
Who are the decision-makers at SecondWave Systems?
Fundz holds 2 contacts at SecondWave Systems, including the CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in medical devices and Biotechnology around the same time

Companies in the same sectors as SecondWave Systems that raised within 45 days of this round, from Fundz verified event records.

  • MED-X raised $100K (Pre-Seed) on February 27, 2024.
  • Commit Biologics raised $17M (Seed) on May 10, 2024.
  • BioVaxys Technology Corp. raised $52K on May 10, 2024.
  • Alzamend Neuro raised $25M (Series A) on May 9, 2024.
  • Nami Surgical raised $4M (Seed) on May 8, 2024.
  • Vertigenius raised $2.3M (Seed) on May 8, 2024.

Who to call at SecondWave Systems, and when

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Company Information

Company

SecondWave Systems

Location

Minneapolis, Minnesota, United States

About

SecondWave Systems is revolutionizing treatment of inflammatory disease. The company is developing a first-of-its-kind noninvasive, wearable, and personalized ultrasound stimulation platform that will give patients and their physicians a new option for treating debilitating or life-threatening disease. The company's SecondWave MINI™ device uses proprietary low-intensity focused ultrasound technology to stimulate the spleen with the goal of treating acute and chronic inflammation disorders. This technology is being investigated in clinical studies to treat multiple inflammatory conditions including rheumatoid arthritis.

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Related People

2 contacts
Verified contactsAnuj B., CEO hidden hiddenSee plans and pricing
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SecondWave Systems 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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