*NEWS: Startup Working to Alleviate Chronic Pain Close to Closing Seed Round, Which Was Oversubscribed
A startup that developed a way to use magnetic therapy for chronic pain is close to closing a seed series round of $3.85 million.
Neuralace Medical received $850,000 in convertible notes in 2017 and $3 million in new capital this year.
See related article on Neuralace here.
The lead investors are Verde and FusionX, with Teal Ventures following, along with friends, family and board members.
The round has been oversubscribed by $800,000, CEO Shiv Shukla told OC Startups Now, adding that the company expects the round to officially close on Friday.