NEWS: Medical Device Maker, AtaCor Medical, Raises $25M in Series B Round
A medical device maker in San Clemente raised $25 million in a Series B financing round, according to Crunchbase.
The investment into AtaCor Medical was led by an undisclosed corporate partner, according to several news reports.
Previous funding was $9 million in 2018.
According to several news reports, the funds will be used on the company’s extracardiac temporary pacing system for clinical trials, as well as for regulatory reviews here and in Europe
Its system, which reportedly other pacemakers do not require, includes a device or lead placed in the heart or its vascular system. The company reportedly believes this can reduce the risk of device-related complications.