Monday, August 30, 2010

EndoGastric Solutions Gets $30M More

Redwood City-based EndoGastric Solutions, a developer of treatments for upper gastrointestinal diseases, including gastroesophageal reflux disease (GERD), announced today that it has raised $30M in a Series F financing round. The firm also has major operations in Redmond. The round was led by Canaan Partners and Radius Ventures, and also included prior investors Advanced Technology Ventures, MPM Capital, Foundation Medical Partners, Chicago Growth Partners, and De Novo Ventures. The firm said the new funding will go towards commercialization initiatives and expanding clinical trial initiatives. Brent Ahrens of Canaan Partners and Kathleen Regan of Radius are joining the firm's board with the funding. More information »