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Bioelectronic Medicine Company Boomerang Medical Raises $15M In Series A Financing

Nov 01, 2022•almost 3 years ago

Amount Raised

$15 Million

Round Type

series a

Mountain ViewMedicalBiotechnologyHealth Care

Description

Boomerang Medical, a women-led bioelectronic medicine company, today announced the closing of a $15 million Series A financing led by existing investor Arboretum Ventures and new investor Hatteras Venture Partners. This round brings Boomerang’s total funding to $18 million to date. Boomerang will use the proceeds from the financing to advance clinical studies on neuromodulation for the treatment of autoimmune diseases, with an initial focus on Inflammatory Bowel Disease (IBD).

Company Information

Company

Boomerang Medical

Location

Mountain View, California, United States

About

Boomerang Medical is a women-led clinical-stage company headquartered on the campus of El Camino Hospital in Mountain View, California. We are united by a common mission to bring new treatment options to patients with complex diseases. We are conducting clinical trials on a device-focused approach for treating autoimmune diseases by harnessing the body's own physiology through bioelectronic medicine. Boomerang Medical is Company-In-Residence at Fogarty Innovation and is backed by Arboretum Ventures and Hatteras Venture Partners.

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