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Insightra Medical Nabs New Venture Equity

Tuesday, August 25, 2015 5:46:00 AM PDT | VentureDeal
   Irvine, California  --  Medical device technology company Insightra Medical has landed $5 million in new venture capital financing, according to an SEC filing.

Insightra has developed what it calls "innovative solutions for the common disease of inguinal hernias or groin hernias" with its Freedom Inguinal Hernia System.

In 2012, the company received FDA clearance to market its flower shaped hernial implant.

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

Insightra is still seeking $2.5 million in additional financing, according to the filing, with minimum investment amounts per investor of $12,500.

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