Bio2 Medical Closes $3M Venture Debt Financing

Bio2 Medical, Inc., a Golden, CO-based developer of a catheter to protect critically ill patients from acute Pulmonary Embolism (PE), closed its $3m second tranche of venture debt funding.

Oxford Finance provided the financing.

The company intends to use the funds to further execute its plan for commercialization of the AngelĀ® Catheter in the United States. The commercialization plan includes hiring a Sales team, building inventory and executing on market development initiatives.

Led by Chairman and Chief Executive Officer Christopher E. Banas, Bio2 Medical has introduced the AngelĀ® Catheter, an IVC filter that received FDA clearance for a prophylactic use indication.
To date, the company has raised $43.1m of institutional funding.

FinSMEs

31/08/2016

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