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Channel Medsystems Lands Series B Venture Capital

Monday, May 06, 2013 5:31:00 AM PDT | VentureDeal

   San Francisco, California  --  Medical device company Channel Medsystems has received $9.7 million in its second round institutional and strategic venture capital investment.

Channel is developing proprietary cryo-ablation delivery technologies addressing the problem of heavy menstrual bleeding.

Boston Scientific Corporation led the round, which also included InCube Ventures, Aperture Venture Partners, Scientific Health Development and STCM Ventures.

The company said it would use the proceeds to fund continue development of its Global Endometrial Ablation technology

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