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Cardiac Dimensions, Inc. Nabs $5.8 Million for Heart Failure Device


9/13/2012 8:33:19 AM

Cardiac Dimensions has pulled in another round of financing as it looks to sell its first marketable product in Europe. The Kirkland, WA-based company has raised $5.8 million in a combination of equity, debt, and warrants to buy more shares from a group of 17 investors, according to a filing with the Securities and Exchange Commission. The filing doesn’t say who invested in this round, but Gerry Brunk of Lumira Capital, Nathan Every of Frazier Healthcare Ventures, Kurt Wheeler of Clarus Ventures (formerly of MPM Capital), Doug Fisher of InterWest Partners, and Rami Elghandour of Johnson & Johnson Development Corporation are all listed on the board of directors.

Read at Xconomy


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