Tenex Health Raises $5M

Lake Forest-based Tenex Health, a developer of minimally invasive for treating tendon injuries, said today that it has raised $5M in a series A financing round. The funding was led by VCI Partners. Tenex said the new funding comes on top of an earlier, $1.7M in seed financing. The company will use the funding for sales, marketing, and manufacturing of its product. The firm received FDA 501(k) clearance on its device in February. More information »