Medical Device Startup Veniti Lands $13.5 Million Series A
3/9/2011 7:10:24 AM
PEHUB -- Veniti, Inc. (Veniti), a St. Louis, Mo. based medical device company, announced today it has raised $13.5 million in Series A financing. Baird Venture Partners, H&Q Healthcare Investors (NYSE:HQH) and H&Q Life Sciences Investors (NYSE:HQL) led the round, and were joined by Prolog Ventures, St. Louis Arch Angels and a number of individual investors. The proceeds will be used to acquire two additional medical device companies and begin commercialization of multiple products singularly focused on treating chronic venous disease.