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
Photos: KC Coworking Day sings virtues of big ideas in startup spaces
KC Coworking Day is a celebration of people whose vision exceeds their circumstances, said Bob Martin. “If you’re an entrepreneur, and you have a vision, I hope your vision is so big that you’re uncomfortable sharing it with everybody — that there’s only a handful of people to whom you’re going to say, ‘This is…
Digital Sandbox startup Fast Democracy building non-partisan social database for tracking legislation
Today’s political climate demands not only a better-informed public, but accurate tools to help voters arm themselves with timely information, said Sara Baker, co-founder of Fast Democracy. The Kansas City-based startup — one of four early-stage businesses recently accepted into Digital Sandbox KC — aims to help people “touch their democracy” through its non-partisan web…
Tech Scouts: Your pitch ideas could help defend the US; Aug. 12 application deadline nears
The U.S. Department of Defense isn’t just bullets and bombs, said Jack Harwell. A five-day October event — “Encountering Innovation,” which is organized by the DoD and the Small Business Development Center’s Kansas office — gives entrepreneurs the opportunity to pitch innovative solutions to a panel of the DoD’s “tech scouts,” said Harwell, advisor at…
Flyover Capital celebrates $63 million sale of its second portfolio firm Agrible
In a deal that further validates the vibrancy of the Midwest tech scene, leaders at Kansas City-based Flyover Capital are lauding the sale of its second portfolio firm since its launch in 2014. Flyover — a venture capital firm whose mission is to fuel the next generation of tech startups in the Midwest — is…