Michigan University's Mints fund has backed a $10m series C round led by Boston Scientific for medical device producer Securus.
US-based medical device manufacturer Securus Medical Group has closed a $10m series C round featuring the Michigan Investment in New Technology Startups (Mints) fund, operated by Michigan University.
The round was led by medical device maker Boston Scientific, with participation from RiverVest Venture Partners, 3X5 Special Opportunity Fund and Global Cardiovascular Innovation Center, an initiative led by healthcare system Cleveland Clinic.
Founded in 2011, Securus is working on non-contact thermal mapping technology that can scan intrabody tissue temperatures.
The cash injection will support product development and a clinical investigation of the company’s lead product, the infrared thermographic system, which recently secured regulatory approval in the US.
Mints and RiverVest previously also contributed to a $6.5m series B round in 2013 that was led by 3X5. In 2011, RiverVest and JumpStart supplied $750,000 in series A funding.
Steven Girouard, president and chief executive of Securus Medical Group, said: “We are pleased to have Boston Scientific as an investor and a representative of Boston Scientific as a board member.
“Securus Medical Group’s expanded investor base now includes a world-class medical device company, top-tier venture capital funds, and world-renowned healthcare systems.”
