Interrad Medical, Inc., a Plymouth, MN-based medical device company, has raised approximately $10m in Series C financing.
Backers include high net worth angel investors.
The company intends to use the funds to further develop and commercialize SecurAcath, its catheter securement device designed to secure and stabilize catheters right at the insertion site using a small, blunt anchor that deploys and holds virtually painlessly in the subcutaneous tissue just beneath the skin.
The device is currently available in 5F and 7F sizes and the company plans to expand size availability in the coming months.
Founded by practicing Interventional Radiologist and Interrad Medical Chairman and Chief Medical Officer, Michael Rosenberg, M.D., and led by President and CEO Joe Goldberger, Interrad recently hired Stephen Zielinski as Vice President of Sales. He is an experienced medical device sales executive with over 20 years sales experience at Boston Scientific, CoAxia, Angiotech and most recently with LifeWatch Services.