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San Clemente-based ReShape Medical Inc. said today it received a $38 million round of financing.
ReShape makes a medical device used by people who do not want or do not qualify for traditional weight-loss surgery.
The company plans to use the funds to support the commercialization of its newly approved ReShape Integrated Dual Balloon.
New York-based HealthCor Partners Management L.P. led the round. Other investors include Geneva-based Endeavour Vision SA and existing investors such as Boston-based SV Life Sciences.
With this funding the company has so far raised more than $98 million in debt and equity backing.