Cruzar Medsystems raises $2.9m

Cruzar Medsystems raised $2.9 million in a new round of equity financing, according to an SEC filing posted this week.

Braintree, Mass.-based Cruzar Medsystems is developing the Houdini peripheral chronic total occlussion device.

Money in the round came from 5 anonymous sources, and the company has not yet said how it plans to use funds raised in the round. The company is looking to raise an additional $1.7 million to close the round at $2.9 million, according to an SEC filing.

The company launched from Pavilion Medical Innovations, a medical device incubator created by the founders of Pavmed. The same incubator also created Kaleidoscope Medical, which is developing a reversible inferior vena cava filter.

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