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Spiration Breathes In New Venture Capital

Wednesday, March 26, 2008 5:37:00 AM PDT | VentureDeal staff

REDMOND, WA -- Medical device company Spiration Inc. announced the closing of its series G round, raising $18.5 million in new investment from a syndicate of existing investors.

Spiration is developing a number of medical devices aimed at treating lung disease and chronic obstructive pulmonary disease (COPD).

Versant Ventures led the round, which also included previous investors New Enterprise Associates, New Leaf Venture Partners, InterWest Partners, Investor Growth Capital and Three Arch Partners.

The company said it would use the proceeds to commercialize its IBV Valve System in Europe and continue the regulatory approval process in the U.S.

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