Orange County Business Journal

Device Maker Sequent Raises $26 Million

Vita Reed Wednesday, March 7, 2012

Aliso Viejo-based medical device maker Sequent Medical Inc. said today that it raised $26 million in a third round of venture financing.

Sequent is working on devices to treat ballooning blood vessels in the brain.

The company said in a story published on website Xconomy.com that it would use the money to support clinical, commercial and technology development, including its initial Web Aneurysm Embolization product line.

Investors that participated include Versant Venture Management LLC, which has an office in Newport Beach; U.S. Venture Partners, Delphi Ventures and Domain Associates.

Sequent raised $15.6 million in a second round of venture funding in 2010.