Baxano - Top 5 Medical Device VC Deals, H1 2010

Who: Baxano
When: June 22
Type: Series C
Funding Amount: $30 million

Investors: CMEA Ventures, Three Arch Partners, Prospect Venture Partners, Kearny Venture Partners, Affinity Capital and Kaiser Permanente Ventures

Details: San Jose, CA-based Baxano has raised $30 million to support commercilization of its iO-Flex System (pictured), a surgical device for central, lateral recess and foraminal lumbar stenosis. The technology uses thin, flexible devices through an open exposure or a tube to provide lumbar decompression from the inside out. The money will support the U.S. commercial launch and additional post-clearance clinical study of the system. Baxano website

Baxano - Top 5 Medical Device VC Deals, H1 2010
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