65.8 F
Laguna Hills
Monday, Jul 22, 2024
-Advertisement-

Medical Device Maker Lands Third Funding Round

Irvine-based Insightra Medical Inc. said today that it closed a third round of financing. Terms weren’t disclosed.

Insightra makes devices for hernia repair. The company said in a release that it would use the money for developing products, hiring salespeople and expanding internationally.

Milwaukee-based Baird Capital’s venture capital unit and Boston-based Tekla Capital Management LLC co-led the funding. Baird said on its Web site that it invests in “early and expansion-stage companies” and that it will invest up to $12 million in equity over the life of an investment.

Tekla advises a pair of publicly traded healthcare investment funds, H&Q Healthcare Investors and H&Q Life Sciences Investors.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-