Triangle Venture Alliance has made its inaugural investment, backing medical device manufacturer 410 Medical.
Triangle Venture Alliance (TVA), a partnership fund between angel networks at four North Carolina-based universities, joined a $5.4m series A round for US-based medical device developer 410 Medical today.
TVA and unnamed investors provided $2.1m in an extension, adding to $3.3m original tranche in March led by venture capital firm Bios Partners, with participation from Sovereign’s Capital. The latest release however put the cumulative figure at $5.3m.
The investment is the first for TVA, a network formed in March between…
