SetPoint Medical Raises $15M

Valencia, California-based SetPoint Medical, which is developing medical devices for treating inflammatory diseases, said this morning that it has raised $15M in a Series C1 funding round. The funding came from an un-named, sstrategic investor, three of its existing strategic investors, plus Action Potential Venture Capital (APVC). SetPoint Medical said that Juan-Pablo Mas of APVC joins the company's board along with the funding. SetPoint Medical's therapy products are aimed at treating rheumatoid arthritis (RA) and Crohn's Disease. More information »