Tuesday, February 9, 2016 5:30:00 AM PDT | VentureDeal
San Francisco, California -- Medical device technology company Velano Vascular has raised $3.5 million in its Series A institutional venture capital financing round.
Velano is developing and commercializing an inpatient blood-draw technology for adult and pediatric applications. Investors in the round included First Round Capital, White Owl Capital, Kapor Capital and Safeguard Scientifics. The company said it would use the proceeds to continue developing its technology. CEO Eric Stone also co-founded the firm in April 2011.
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