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Stimdia Medical Announces Close Of Series B Equity Financing Round With Proceeds To Be Used To Complete The Company’s Pivotal Study

PRIVATEJul 14, 2022

Round Type

Series B

BloomingtonHealthcare

Description

Stimdia Medical, Inc., an emerging leader in the development of neurostimulation technology intended to strengthen and condition the diaphragm in patients on mechanical ventilation, announced the initial closing of $16M, representing the first tranche of a Series B offering totaling $30M. Solas BioVentures led the financing round with additional funding coming from new strategic partners and existing investors including Draper Triangle Ventures.

Quick answer

Andarta Medical, Inc. raised an undisclosed amount in a Series B round, dated July 14, 2022. Andarta Medical, Inc. is based in Bloomington, Minnesota, United States.

How much did Andarta Medical, Inc. raise?
Andarta Medical, Inc. raised an undisclosed amount in a Series B round on July 14, 2022.
What does Andarta Medical, Inc. do?
Andarta Medical is developing a "lung pacing" device
Where is Andarta Medical, Inc. based and how big is it?
Andarta Medical, Inc. is based in Bloomington, Minnesota, United States.

Source: Fundz verified event record.

Who else raised in Healthcare around the same time

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

  • EpiVario Inc. raised $135K (Seed) on August 26, 2022.
  • Harbor Health Team raised $9.5M on August 26, 2022.
  • T3D Therapeutics, Inc. raised $6M on August 26, 2022.
  • Diasome Pharmaceuticals raised $17M on August 26, 2022.
  • Ascend Autism Group raised $1M (Seed) on August 26, 2022.
  • ImmunoCellular Therapeutics Ltd raised $750K (Seed) on August 26, 2022.

Who to call at Andarta Medical, Inc., and when

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

  • An alert the day Andarta Medical, Inc. raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Andarta Medical, Inc., from your own LinkedIn network

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Company Information

Company

Andarta Medical, Inc.

Location

Bloomington, Minnesota, United States

About

Andarta Medical is developing a "lung pacing" device

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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

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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