XII Medical Closes $30M Series A Financing

XII Medical

XII Medical, Inc., an Union City, Calif.-based private health technology company, closed a $30m Series A equity financing.

Ajax Health led the financing, with co-lead Broadview Ventures and participation from founding investor Cleveland Clinic, as well as Aperture Venture Partners, JobsOhio Growth Capital Fund, CincyTech, and an undisclosed strategic investor.

Led by Garrett Schwab, President and CEO, XII Medical is a health tech company focused on the treatment of obstructive sleep apnea (OSA), a disorder in which the muscles in the throat temporarily relax, causing blockage of the airway during sleep.

Funds will be utilized to advance the development of its proprietary, patient-centric solution for people suffering from OSA.