Funding

Veran Medical Technologies Raised $30.6M

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What does Veran Medical Technologies do?

Veran Medical Technologies, is a private medical device company and leader in image guided percutaneous and endobronchial technolog for the diagnosis of lung cancer and delivering therapy. This medical device company helps physicians in diagnosing diseases and delivering therapies. It offers standards for the minimally invasive delivery of interventional oncology therapy. The company provides plug and play delivery systems and navigated instruments. The company’s IG4 Platform allows clinician in visualizing different types of info integrated with CT dataset, such as respiration, PET, contrast enhanced structures and Ultrasound. The company also provides SpiN Drive System which acts as a GPS like system for enabling surgeons and pulmonologists for accessing peripheral solitary nodules in the lungs for diagnosing any malignancy.

How much Veran Medical Technologies was funded?

Veran Medical Technologies raised $30.6M in Venture round on September 22, 2015 from River Cities Capital Funds (Lead), 3G Capital Partners, Versant Ventures (Lead), Advantage Capital Partners, Rex Health Ventures and Prolog Ventures

Previous Funding

  • $1.4M in Debt Financing round on August 26, 2009
  • $950k in Debt Financing round on April 19, 2010
  • $484k in Debt Financing round on October 14, 2010
  • $18.9M in Venture round on March 17, 2011
  • $6.5M in Debt Financing round on July 8, 2014 from Prolog Ventures
  • $12M in Venture round on October 20, 2014 from Prolog Ventures(Lead)

What is next for Veran Medical Technologies?

Veran Medical Technologies will support the company’s commercial expansion in the U.S. and entry into the international market. The company plans to use the lastest funding raised to accelerate its commercial expansion plans for addressing the rapidly growing multi billion dollar potential market while helping thier customers save more lives through the early diagnosis of lung cancer.

What does Veran Medical Technologies do?

Veran Medical Technologies was founded by Ben Heavrin. It has its headquarters in St Louis, MO.

 

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