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Tuesday, Mar 19, 2024
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Sequent Medical Secures $26M in Venture Round

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

Sequent Medical, which was founded in 2007, is working on devices to treat ballooning blood vessels in the brain. The company raised $15.6 million in a second round of venture funding in 2010.

Investors in the company’s latest funding round included:

n Versant Venture Management LLC, which is based in Menlo Park and operates an office in Newport Beach.

n U.S. Venture Partners and Delphi Ventures, both based in Menlo Park.

n San Diego-based Domain Associates LLC.

Sequent Medical said in a story published on website Xconomy.com that it would use the money to support clinical, commercial and technology development.

Money will support work on products including its initial Web Aneurysm Embolization line, officials said.

—Vita Reed

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