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Gynesonics Gets $16.5M in Series B Funding

Thursday, January 25, 2007 6:00:00 AM PDT | VentureDeal Staff

REDWOOD CITY, CA – Medical device developer Gynesonics said that it raised $16.5 million in a series B round of new funding.

The company is developing a medical device that treats uterine fibroid tumors, which affects millions of women each year.  Gynesonics states that the funding will allow them to complete development of the device and begin US FDA trials later this year.

The financing round was led by Advanced Technology Ventures, with participation from InterWest Partners and Abingworth Management.

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