US-based medical device company Svelte Medical Systems has increased its latest funding round, already backed by construction firm Clark Enterprises’ private equity arm CNF Investments, to $44m.
The additional capital was revealed in a regulatory filing and Svelte has not released any official statements. The filing indicates Svelte is seeking an additional $2.2m to close the round.
Svelte raised an initial $17.9m for the round in 2013. In 2014, New Sciences Ventures and Gary and Mary West Health Investment Fund…