Monteris Medical wraps $26.6M Series C financing round

June 2, 2017
The financing will fund investments in R&D, clinical research, and commercial expansion of the NeuroBlate laser ablation system.

Monteris Medical (Plymouth, MN), which develops minimally invasive, magnetic resonance imaging (MRI)-guided laser ablation systems for treating brain lesions, has completed a Series C financing round, raising $26.6 million in new equity. The company currently markets the NeuroBlate System in the U.S. and Canada as a surgical tool that provides neurosurgeons an alternative to traditional craniotomies.

Related: Monteris Medical presents new data from trials evaluating laser ablation for brain lesions

The Series C financing was led by Versant Ventures and SightLine Partners, with strong participation from current investors Birchview Capital and BDC Capital's Healthcare Venture Fund. The financing will fund significant investments in R&D, clinical research, and commercial expansion.

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