Devices & Diagnostics

Fundraising: Cardiac arrhythmia device startup expands series A, raises additional $2.5M

Acutus Medical, a cardiac arrhythmia diagnostic device company its series A round to $10.4 million. It raised $5.4 million in January and has raised another $2.5 million. The money will support continued technology development.

Name of Company: Acutus Medical Inc.

Industry: Medical devices

presented by

Location: San Diego, California and Zurich, Switzerland

Solution/Product:  An electrophysiology diagnostic product to map cardiac arrhythmias.

Money Raised: $2.5 million out of a $5 million in an expanded Series A roundh. The company raised $5.4 million in January.

How it will be used: To support ongoing technology development, said the company’s CEO.

presented by

Investors: Index Ventures, Advent Venture Partners

Management team: Randy Werneth, Founder, President & CEO; Graydon Beatty, Chief Technology Officer; Tim Corvi, President of Research and Development

Market: Large companies like Boston Scientific makes diagnostic catheters to map the heart’s electrical signals. And then there is  iRhythm Technologies, a startup that makes a wearable patch that can monitor and diagnose cardiac arrhythmia. There are several million Americans estimated to have undiagnosed cardiac arrythmias.

[Photo Credit: freedigitalphotos user Salvatore Vuono]