Apama Medical raises $13m

Novel catheter ablation tech developer Apama Medical raised $13.2 million in a new round of equity financing, according to an SEC filing posted today.

Apama Medical is developing novel ablation catheter technology to combine “the best elements of existing ablation technology while incorporating additional unique features to address gaps in current technology,” according to it’s website.

The  Campbell, Calif.-based company said its new device aims to reduce procedure time due to “multipoint, single-shot design” and optimized placement via real-time visualization. Apama said the device design will include the ability to create customizable lesion patterns to allow for the treatment of various AF types.

Money in the round came from 63 anonymous investors, according to an SEC filing. Apama Medical is still looking for $313,496 before closing the round.

The company has not yet stated how it plans to use funds raised in the round.

Apama Medical reported raising $9 million in July. The company’s last Series B financing round brought in $17.5 million in January last year, according to a press release, and was led by Ascension Ventures.

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