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Carticept Medical Raises $20 Million Venture Capital

Thursday, March 11, 2010 5:57:00 AM PDT | VentureDeal Staff

Alpharetta, Georgia  --  Medical device technology company Carticept Medical has garnered $20 million in its second round of institutional venture capital and strategic investment.

Carticept Medical says that it is developing medical device technology for the treatment of cartilage damage and osteoarthritis.

SonoSite led the round, which also included Domain Associates and New Enterprise Associates.  The company said that the funding would finance its expected commercial launch.

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