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Microtransponder Raises $53M, Appoints New Ceo

Microtransponder Raises $53M, Appoints New Ceo

06/20/22, 9:32 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgaustin
Money raised
$53 million
MicroTransponder®, Inc. closed an oversubscribed $53 million Series E funding round led by US Venture Partners (USVP), a multi-stage investment firm. GPG Ventures and Exceller Hunt Ventures return as existing investors alongside new venture investors that include Osage University Partners, Action Potential Venture Capital and The Vertical Group. The company plans to use the funds to commercialize the Vivistim® Paired VNSTM System and establish it as the recommended rehabilitation intervention for stroke survivors working to improve their quality of life through more hand and arm mobility.

Company Info

Company
Micro Transponder
Location
austin, texas, united states
Additional Info
The company plans to use the funds to commercialize the Vivistim® Paired VNS™ System and establish it as the recommended rehabilitation intervention for stroke survivors working to improve their quality of life through more hand and arm mobility. The company focuses on restoring independence and dignity for people suffering from neurological conditions that impair sensory and motor function. Vivistim is MicroTransponder's first FDA-approved use of its novel neuroplasticity-based medical device platform.