PLYMOUTH, Minnesota — Biotech Denali Medical has raised $2 million, according to a filing with the Securities and Exchange Commission.
The 3-year-old business was started by Thomas Hektner. Hektner is the co-founder of StarFire Medical, a manufacturer of implantable devices for neurovascular disease that was acquired 18 months ago by Nfocus Medical. Among Hektner’s recent patents is one for a surgical instrument that works in the spaces between spinal vertebrae.
However, not much is publicly available about Denali’s current technology and research.
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Denali’s board members include Michael DeMane, the former chief operating officer at Medtronic who in April joined the venture firm Thomas, McNerney & Partners as a senior advisor. The company previously raised $3 million in 2007, according to the SEC. Previous investors include New Enterprise Associates.
[Photo courtesy of Flickr user AMagill]