Wednesday, September 2, 2015

Kona Medical Raises $10M More

Bellevue-based medical device developer Kona Medical has raised $10M in funding, via a convertible debt round, according to a regulatory filing from the firm today. Details on the funding have not yet been announced. The funds look to be part of an ongoing, nearly $22.4M funding round in progress at the company. Kona Medical is developing ultrasound-based treatments for high blood pressure. The company's prior backers include BioStar Private Equity, Domain Associates, Essex Woodlands Health Ventures, Morgenthaler Ventures, and Morningside Group. More information »