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ARTICLE | Financial News

SetPoint Medical raises $27M in series C

August 9, 2013 12:53 AM UTC

Medical device company SetPoint Medical Inc. (Valencia, Calif.) raised $27 million in a series C round from all of its existing investors -- Morgenthaler Ventures; Foundation Medical Partners; and Topspin Partners -- along with new investors Covidien Ventures; Boston Scientific Corp. (NYSE:BSX); and Action Potential Venture Capital. Action Potential is a new $50 million strategic fund launched by GlaxoSmithKline plc (LSE:GSK; NYSE:GSK) on Thursday (see above). ...