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Velentium Medical secures a growth investment led by 1315 Capital to support expansion and product development. The investment will enhance manufacturing operations and infrastructure in the medical device market.
Velentium Medical, a leader in medical technology, announced a growth capital investment led by 1315 Capital. This funding will support the expansion of its commercial manufacturing operations and enhance its product development capabilities. The investment also aims to improve automation and infrastructure as part of strategic growth opportunities. Great Point Partners continues to be a significant shareholder following this transaction.
Company Information
Company
Velentium Medical
Location
Texas, United States
About
Velentium Medical is a full-service medical technology innovation, development, and manufacturing company focused on helping customers transform innovative ideas into market-leading medical devices. The company provides highly integrated expertise across product strategy, research, design and development, automated test, cybersecurity, and manufacturing under one roof in Richmond, Texas. Velentium Medical serves customers ranging from emerging growth companies to global medical technology leaders.
Fundz sees it the moment Velentium Medical raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
TexasManufacturingBiotechnologyHealth CareMedicalMedical Device