Medical device companies raised $585.6 million in the third quarter, up from $516.8 million in the same period of last year.
That's according to the The MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters. The report released Friday shows that while the number of deals in the medical device sector remains unchanged at 78 compared to the second quarter of the year, the total amount of money invested fell from $676.3 million to $585.6 million in the third quarter.
So which companies were successful in raising money, a tough road to hoe in the current venture capital environment for devices, in the last quarter? Here are the top 10 in asceding order:
Name: EBR Systems
Location: Sunnyvale, California
Amount Raised: $18.7 million
Investors: Delphi Ventures, Split Rock Partners, St. Paul Venture Capital
Product: The company is developing a wireless, leadless cardiac pacemaker
Source: Company and MoneyTree Report
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-- By Arundhati Parmar, Senior Editor, MD+DI