Israel-based medical device company Ninox Medical secured $10m yesterday in a series B round co-led by Mérieux Développement, the quasi-corporate venturing arm of holding company Institut Mérieux.

Venture capital firm Pitango Venture Capital co-led the round, which also featured VC firm Xenia Venture Capital. Xenia previously invested NIS 2.5m ($650,000) in Ninox in 2012.

Ninox will use the funding to gain regulatory approval in the US and Europe for its KeePap device, a wearable positive airway pressure device developed to…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?