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
Artist incubator paints scene of blissful collaboration in far-from-lonely West Bottoms space
Vanessa Lacy’s artist incubator eliminates “the lonely artist,” she said, noting her gallery model replaces solitude with creative relationships and a collaborative community. “Artists tend to get very isolated in their studio spaces working on their own; then they have a relationship with a gallery that’s really more of a business relationship,” said Lacy, owner…
Order here: Menufy online restaurant platform delivers results, food from OP startup
Servicing the online orders of more than 300 restaurants in the Kansas City metro, Overland Park-based Menufy is scaling its platform across the U.S., while maintaining a startup mindset, said Ashishh Desai. “Even though now we have over 4,000 restaurants nationwide — every state but Vermont and in 1,200 cities — we still have that…
Take the Kauffman survey: Is KC’s startup culture welcoming and inclusive to all?
Perception shapes reality, said organizers of a survey that seeks greater understanding of Kansas City’s startup culture. The Ewing Marion Kauffman Foundation’s 2018 Entrepreneurship in Kansas City survey checks the pulse of the local entrepreneurial ecosystem by raising specific questions about culture and practice in workplaces across the metro, said John Quinterno and Julie Marks,…
Onward scores $1M grant from Chan Zuckerberg Initiative for payday loan end-run
Everyone needs a financial cushion, said Ronnie Washington — even a fintech startup offering low- to moderate-income workers a path to avoid predatory lending practices, the Onward founder said. A member of KC-based Fountain City Fintech’s inaugural cohort, Onward is one of 10 companies from across the U.S. and Puerto Rico being awarded $1 million…