Direct Flow Medical raised raised $27.1 million in a new round of financing through the sales of select stock and warrants.
Money in the round came from 11 anonymous investors, with the company looking for another $5.2 million before closing the round, according to the filing.
The company said it raised the funds through the sale and issuance of Series A-1 preferred stock, Series AA preferred stock, convertible notes, warrants to purchase Series A-1 or preferred stock, Series A-1 or preferred stock upon exercise and the underlying common stock issuable upon conversion, according to an SEC filing.
