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Acclarent Closes $26 Million Venture Capital Funding

Tuesday, January 13, 2009 5:28:00 AM PDT | VentureDeal Staff

Menlo Park, California  --  Medical device company Acclarent announced that it has raised $26 million in its series D round of institutional venture capital financing.

Acclarent is developing endoscopic, catheter-based, sinus surgery medical devices that it says are alternatives to conventional surgical approaches.

Investors in the round included Johnson & Johnson Development Corporation, New Enterprise Associates, Delphi Ventures, Versant Ventures and Meritech Capital Partners.  The company said it will use the proceeds to "continue commercialization of its Balloon Sinuplasty technology."

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