Investors pump another $8.8M into KC medical device startup, bringing funding total to $20M+
March 31, 2020 | Startland News Staff
A Fairway-based medical device company is getting to the heart of its entrepreneurial journey, securing a fresh $8.8 million in Series A financing, Dr. Nicholas Franano announced Tuesday.
The additional influx to Artio — rebranded from “Metactive” earlier this winter — brings the startup’s total capital raised to more than $20 million. The company has spent years developing groundbreaking, best-in-class products for the peripheral vascular and neurovascular markets, said Franano, founder, president and CEO of Artio.
“We appreciate the strong support from our new and existing investors,” he said. “Our team is looking forward to making our innovative products available to physicians and patients.”
Click here to see why Artio/Metactive was named one of Startland News’ Kansas City Startups to Watch in 2019.
Funds from the latest round are expected to help Artio obtain 510(k) marketing clearance from the U.S. Food and Drug Administration (FDA) to market its Solus Gold Embolization Device in the United States.
Solus Gold Embolization Device
The Solus Gold is the first metal implant to provide a solid barrier to blood flow, and is developed for peripheral vascular embolization — a minimally invasive procedure that blocks or reduces blood flow in blood vessels for patients experiencing life-threatening bleeding and other serious medical conditions.
The combination of a low-profile, flexible delivery system and a detachable gold metal implant is designed for passage through tortuous blood vessels, precision placement, and immediate vessel occlusion after placement of a single device, according to the company.
Franano’s team also has revealed two other next-gen embolization products, the Solus Flex device and Aneura system.
Click here to learn more about these peripheral vascular solutions.
“Artio is developing a strong portfolio of disruptive, next-generation peripheral vascular and neurovascular embolization products, and we were thrilled to help lead the latest round of funding,” said Nathaniel Hagedorn, founder and CEO of Northpoint Development. “I have been incredibly fortunate to have so many people help me build my business and am happy to ‘pay it forward’ to a fellow entrepreneur with a clear vision and accomplished team.”
Featured Business
2020 Startups to Watch
stats here
Related Posts on Startland News
KC boutique big data startup Yotabites planned its big exit for 2025 — a buyer came five years early
Starting with a laser-focus on attacking big data’s fundamental problems, Lenexa-based Yotabites is announcing its acquisition from Oregon-based ProKarma, said Rajesh Nair, noting the sale fell many years ahead of schedule for the forward-thinking startup. “It really started out as a combination of things for us: from [seeing a lack of] creativity in the big…
Mass Street fire leaves future uncertain for Blade & Timber’s Lawrence store
An early morning fire at Blade & Timber’s Massachusetts Street location in Lawrence has left the premier axe-throwing startup waiting for answers, said Matt Baysinger. “While it’s a surreal experience to learn that your business is on fire and that there’s nothing you can do about it, I’m incredibly grateful that nobody was in the…
Two Kansas City startups relocating to St. Louis to cash $50K Arch Grants awards
Two Kansas City tech startups are on the move — winning spots in the Arch Grants competition, an “aggressive effort” to build St. Louis’ startup ecosystem. Healthy Hip Hop and FastDemocracy were among 20 companies each earning $50,000 in equity-free cash grants through the selection, which also requires the startups run their businesses from St.…
KC Heart adopted as region’s official symbol: Charlie Hustle founder hopes icon will join KC skyline
Good things come to those who hustle. “Honestly, it was a long time coming when they showed up at our office. It was almost like, ‘Where have you guys been?’” Chase McAnulty, founder and CEO of Charlie Hustle, said of a new partnership between the startup and the Kansas City Area Development Council. The agreement…