Retia Medical, an East Lansing, Mich-based medical device company, has raised $7m in Series A funding.
The round was led by the Pritzker/Vlock family office.
Co-founded by Rama Mukkamala, Associate Professor of Electrical and Computer Engineering at Michigan State University (MSU), and Marc Zemel, Chief Executive Officer, Retia has created a less-invasive system to monitor cardiac output (CO) and other key measures of the cardiovascular system accurately when patients go into shock.
This system is based on a core platform technology that was developed at MSU.
The company intends to use the proceeds from the financing to complete product development, submit regulatory filings and launch its minimally invasive, cardiac output monitor.
FinSMEs
16/08/2012