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Veran raises nearly $3M for 3d airway mapping system

Mon, 01/20/2014 - 11:29am
Mass Device

Veran Medical Technologies pulls in nearly $3 million for its SPiNDrive electromagnetic airway navigation system.

Veran Medical Technologies said it brought in $2.9 million in a funding round it hopes will eventually add $5 million to its coffers.

The St. Louis-based medical device company, founded in 2005, is developing devices for diagnosis & minimally invasive surgery.

The $2.9 million is short of the company's $5 million goal. The 16 unnamed investors were offered debt, options, or warrants, for their investment, according to the regulatory filing.

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