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Medical-device Start-up ExploraMed Raises $18.5M


4/30/2008 8:28:58 AM

ExploraMed NC4: The stealthy Mountain View company has raised $18.5 million of an expected $20 million first funding round, we're told. The medical-device start-up doesn't have a Web site, and doesn't even seem to have its own address yet. Instead, ExploraMed NC4 - the name is a placeholder intended to obscure the start-up's strategy - is still housed at ExploraMed, a medical-device incubator backed by New Enterprise Associates, among others. ExploraMed was founded in 1995 by Joshua Makower, an NEA venture partner and a Stanford University consulting professor who also co-directs the university's Biomedical Technology Innovation Program.


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