Miramar Labs®, Inc., a Sunnyvale, CA-based medical device manufacturer focused on the treatment of excessive underarm sweat, raised $10m in Series D funding.
Backers included Aisling Capital, Cross Creek Capital, Domain Associates, Morgenthaler Ventures, and RusnanoMedInvest.
The company intends to use the capital expand sales activities around the world, support commercialization efforts in Europe given the recent CE Mark approval and support R&D efforts on products for new indications.
Founded in 2006 and led by R. Michael Kleine, president and CEO, Miramar Labs provides the miraDry System, which delivers energy non-invasively to the area under the arm where the sweat glands reside, creating localized heat to destroy and eliminate the glands.
Each procedure takes approximately one hour in the doctor’s office.
Miramar Labs was created by The Foundry, a medical device incubator based in Menlo Park, California.