Stanford-StartX Fund is among medical device developer Madorra’s backers, along with Fogarty Institute of Innovation and OneVentures Healthcare.
Madorra, a US-based medical device developer co-founded by former fellows of Stanford University, has obtained $6m in capital from backers including Stanford-StartX Fund, Business Insider Australia reported on Wednesday.
The round was led by venture capital fund OneVentures Healthcare with a $4m investment and also featured research centre Fogarty Institute for Innovation.
Founded in 2014, Madorra has created a medical device for the treatment of vaginal dryness associated with vulvovaginal atrophy, a chronic condition that primarily hits post-menopausal…
