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Baxano Closes $30 Million Venture Capital Funding

Wednesday, June 23, 2010 5:34:00 AM PDT | VentureDeal Staff

San Jose, California  --  Medical device company Baxano has secured $30 million in its third round of institutional venture capital investment.

Baxano has developed and licensed tools to restore spine function and preserve healthy tissue.

CMEA Ventures led the round, which also included Three Arch Partners, Prospect Venture Partners, Kearny Venture Partners, Affinity Capital and Kaiser Permanente Ventures. The companies that use the funding to support the commercial launch of its iO-Flex system.

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