EndoStim Funding Round Reaches $11 Million
3/27/2013 8:15:01 AM
Medical device startup EndoStim has raised $11.2 million of a planned $16.5 million fundraising round, according to an amended filing with the Securities and Exchange Commission. The new filing shows that EndoStim, run by President and Chief Executive Bevill Hogg, now has attracted 67 investors in the funding round, which started Dec. 5. The last time the company filed information about its fundraising with the SEC, in early January, it had raised $9.13 million and the size of the fundraising goal was listed as $12 million. The broker in the private equity offering is Stifel Nicolaus and SEC documents show that the firm earned $372,201 in sales commission in the offering so far.