Deal Announcements

Proteus Biomedical Nets $30 Million Series D

Tuesday, October 07, 2008 5:58:00 AM PDT | VentureDeal Staff

Redwood City, California  --  Biotechnology company Proteus Biomedical said that it has secured $30 million in its fourth round of venture capital.

Proteus has created semiconductor biotechnology to assist in the management of congestive heart failure and other cardiovascular diseases.

Investors in the round included Adams Street Partners, Carlyle Growth Partners, Essex Woodlands Health Ventures and Spring Ridge ventures. The company did not disclose how it would use the funding proceeds.

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