Monday, July 19, 2010

Sante Ventures Backs EndoStim

Austin-based venture capital firm Sante Ventures has backed a St. Louis medical device company, EndoStim. According to EndoStim, it raised $6M in a Series B funding which was led by Sante Ventures. Along with the funding, Doug French of Sante Ventures joins EndoStim's board. EndoStim said the funding will go towards clinical trials, as well as CE Mark and FDA approval of the firm's microstimulator technology, used to treat sphincter-related disorders and GERD. Other investors in the firm are Prolog Ventures, Vectis Healthcare & Life Sciences Fund II and angel investors. More information »