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Svelte Medical Clears New Venture Capital Funding

Monday, July 18, 2011 5:54:00 AM PDT | VentureDeal Staff
   New Providence, New Jersey  --  Medical device company Svelte Medical Systems has garnered $9.7 million in new venture capital debt investment, according to an SEC regulatory filing.

Svelte Medical is developing improved delivery technologies for the coronary stent market.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

Svelte Medical is still seeking $2.3 million in additional financing, according to the filing.

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