MORRISVILLE, NC – Medical device company nContact has closed on a $4 million mixed securities offering, according to a regulatory filing. The company makes devices for the minimally invasive treatment of heart arrhythmias.
Investors include Harbert Management Corp., Birmingham, AL; Hippo Ventures; Finistere Ventures, San Diego; Village Ventures, Williamstown, MA; Tall Oaks Capital, Charlottesville, VA;’ Massey Burch Capital Corp., Nashville, TN; and Intersouth Partners, Durham, NC.
The company, founded in 2005, raised at least $24 million in three previous rounds.
On its web site, the company says, “We are currently enrolling patients in a series of clinical trials to evaluate the use of this system for the treatment of atrial fibrillation (AF) in concomitant procedures as well as in convergent procedures, which combine the best techniques of Cardiovascular Surgeons and Electrophysiologists to potentially provide a truly minimally invasive treatment solution for all AF patients in a single procedure.”
The company disclosed the raise in a filing with the US Securities and Exchange Commission.
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
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Tags: AL; Hippo Ventures; Finistere Ventures, Birmingham, Charlottesville, Durham, financing, Harbert Management Corp., MA; Tall Oaks Capital, Medical Device, Morrisville, Nashville, NC, nContact, San Diego; Village Ventures, TN; and Intersouth Partners, VA;' Massey Burch Capital Corp., Williamstown
