TVA Medical, Inc., an Austin, Texas-based medical device company, received a $7m credit facility.
Square 1 Bank, a division of Pacific Western Bank, provided the financial resources.
The company intends to use the funds for global clinical and market development initiatives.
Led by Adam Berman, president and chief executive officer, TVA Medical develops minimally invasive therapies for chronic kidney disease and other medical conditions. The company’s catheter-based system uses an endovascular approach to create an arteriovenous fistula (AVF), joining an artery to a vein, in patients in need of hemodialysis, which requires vascular access to connect the patient to the dialysis machine.