Seno Medical Instruments, Inc. Pulls In $30.4 Million From 49 Unnamed Backers
Seno Medical says investors converted $26 million worth of notes into stock, raising another $4.7 million in a funding round it hopes will top out at $39 million. Seno Medical said some of its investors converted notes into nearly $27 million worth of stock in the breast cancer detection device maker. In a regulatory filing, San Antonio-based Seno said it pulled in $30.4 million of a hoped-for $39 million from 49 unnamed backers, with $25.7 million consisting of notes converted into Series C preferred stock.
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