Piccolo Medical, Inc. Announces Closing Of $5.5M Series B Financing To Further Develop Their Platform Catheter Navigation Technology
Piccolo Medical, Inc. Announces Closing Of $5.5M Series B Financing To Further Develop Their Platform Catheter Navigation Technology
10/02/23, 6:03 PM
Location
san franciscoMoney raised
$5.5 million
Industry
medical device
medical
biotechnology
health care
Round Type
series b
Investors
Chris Yamamoto, Event Capital Strategies
Piccolo Medical, Inc. (Piccolo) today announced the close of a $5.5M Series B financing led by Event Capital Strategies, a medical technology-focused investment fund based in New York. Funding from the Series B will support the further development and commercialization of the Company's catheter guidance technology, including the next-generation SmartPICC® cathether tip location and navigation system that received 510(k) approval from the FDA in January 2021.
Company Info
Location
san francisco, california, united states
Additional Info
Piccolo Medical Inc. was spun out of the Theranova medical device incubator in San Francisco, CA. It has been funded by private investors as well as prestigious Phase I and II grant awards from the National Institute of Health's National Institute of Aging. Piccolo received 510(k) clearance for the SmartPICC® System in 2021. Theranova has spun out several other successful medical device companies with products in the US, EU and CN markets.