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Contraline Closes $10.7 Million Series A Financing To Become A Clinical Stage Company

Contraline Closes $10.7 Million Series A Financing To Become A Clinical Stage Company

10/20/21, 4:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgcharlottesville
Money raised
$10.7 million
Industry
clothing and apparel
mobile
commerce and shopping
Round Type
series a
Contraline, Inc., a venture-backed medical device company devoted to providing men and couples with long-lasting, safe, and effective male contraception, has closed $10.7 million in its Series A financing. The financing round was led by MBX Capital, a venture capital firm that invests in early-stage healthcare and life sciences companies. Additional investors in Contraline include: Rhia Ventures, ShangBay Capital, Founders Fund, Metaplanet Holdings, Graphene Ventures, Smith Ventures, Jaffray Woodriff, and Jason Calacanis.

Company Info

Company
Contraline
Location
charlottesville, virginia, united states
Additional Info
Contraline, Inc. is a venture-backed medical device company devoted to providing men and couples with long-lasting, safe, and effective contraception. The company is developing ADAMTM, the world’s first injectable hydrogel designed to provide long-lasting barrier contraception for men. The company was founded in 2015 by Kevin Eisenfrats and Dr. John Herr, and is headquartered in Charlottesville, Virginia. To learn more, visit http://www.contraline.com/.