Medical device company nContact, a developer of products to treat arrhythmias, has raised close to half a million dollars.
The Morrisville, North Carolina company secured a total of $433,761 in debt financing from one investor, according to securities filings. That’s a small amount compared to the company’s venture capital haul to date; nContact has raised more than $42 million in financing, including a 2010 $16 million series D round from venture capital firms Intersouth Partners, Harbert Venture Partners, Finistere Ventures, Massey Burch Capital and ZMV Associates.
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Founded in 2005, nContact focuses on developing catheters and surgical ablation devices for arrhythmia treatment, including atrial fibrillation. The company has developed a way to perform minimally invasive ablation procedures to treat arrhythmias. The devices can work on a beating heart without chest incisions or ports. NContact’s device treats patients with enlarged atria, a group representing the majority of atrial fibrillation patients.