IDev Technologies - Top 10 Medical Device VC Deals of 2010

Company: IDev Technologies
Based: Webster, Texas
Amount: $46M

Investors: Piper Jaffray & Co.'s Merchant Banking Fund, PTV Sciences, Bay City Capital, RiverVest Venture Partners and Heron Capital

Scoop: IDev Technologies completed a $46 million Series D round of financing last October. The proceeds from the financing were to be used to fund SUPERB, the IDE superficial femoral artery clinical trial for the company's self-expanding SUPERA stent. The company also planned to use the proceeds for new clinical trials in support of other peripheral artery indications, as well as the development of new interventional products and sales and marketing initiatives to support continued revenue growth. Shortly after the close of the round, the company got the FDA's OK to market its Supera Veritas transhepatic biliary system.

IDev Technologies - Top 10 Medical Device VC Deals of 2010
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