Early stage medical device developer eLum Technologies said today it raised $3.5 million in a Series A financing round, and an additional $810,000 in notes with private early stage investors.
Funding in the round will aid in the development of the company’s device designed for stroke therapy, though the company has not yet released details of the device or other developments.
“This additional funding will enable us to bolster the current infrastructure for our product development and build on the results we have achieved to date. We received positive responses regarding our technology, and have a skilled team in place to advance rapidly into the next phase of growth,” CEO Quang Tran said in a press release.
The post eLum Tech raises $4m in Series A appeared first on MassDevice.
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