The corporate-backed Cardeation Capital took part in a round for the medical device developer that was led by an unnamed medical technology provider.
US-based medical device developer Mivi Neuroscience has completed a $35m series B round featuring Cardeation Capital, a partnership between electronics producer Philips, healthcare provider UPMC and American Heart Association.
An undisclosed multinational medical technology producer led the round, which included Perceptive Advisors, Deerfield Management and existing backers including Concord Health Partners.
The round included the conversion of previously issued convertible notes and Raymond James & Associates was placement agent.
Mivi produces medical devices such as catheters and suction pumps and…
