$12M capital infusion pumps Prairie Village-based Artio Medical to $46M in funding
April 29, 2021 | Startland News Staff
A Johnson County medical device company announced Thursday the closing of an additional $12 million tranche of Series A financing — advancing the startup’s tech toward clinical study and commercialization with the backing of a leading Kansas City real estate developer.
“We are thrilled to close this round of financing with strong support from existing investors who share our mission to provide better patient outcomes,” said Dr. F. Nicholas Franano, president and CEO of Artio. “The Artio team is focused on the road ahead as we advance multiple development programs and prepare for commercialization of our first product.”
The funding brings Artio’s total capital raised to $46 million, Franano said.
Click here to see why Artio Medical, formerly also known as Metactive, was named one of Startland News’ Kansas City Startups to Watch in 2019.
Led by existing investors Sarah Hagedorn and Nathaniel Hagedorn — founder and CEO of Northpoint Development — the deal announced Thursday will be used to accelerate the development of Artio’s peripheral vascular product pipeline, which is highly complementary with significant overlap in call points and procedures, the company said.
The Amplifi Vein Dilation System, which aims to prepare hemodialysis patients for successful vascular access site creation, has shown promising results in initial clinical testing, Artio said in a press release. And the Solus Gold Embolization Device comprises a low-profile, flexible catheter assembly and a non-porous, gold balloon-like implant and is designed for precise placement and immediate vessel occlusion. The device has shown exceptional performance in preclinical testing, the company said.
“Nick has built a broad, diverse portfolio of highly innovative products at Artio and is assembling a world-class team to develop and commercialize them,” said Nathaniel Hagedorn. “We were pleased to have the opportunity to lead this round of financing and to invest additional capital to move the company and its mission forward.”
Just over a year ago, Artio announced its rebranding from “Metactive” and a fresh $8.8 million round to help boost its best-in-class products for the peripheral vascular and neurovascular markets.
Click here to learn more about Artio Medical.
Featured Business
2021 Startups to Watch
stats here
Related Posts on Startland News
Kansas student’s mobility tech for visually impaired users wins Congressional App Challenge
An Overland Park eighth grader’s app idea — using object detection and text-to-speech technology to help visually impaired individuals navigate their surroundings — earned him a visit to the principal’s office, then an opportunity to showcase his innovation in Washington, D.C. “I actually came across a video online, and it was about this blind woman…
Chatterbox speaks the language of reluctant learners: games featuring global cast of AI tutors
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. WICHITA — A Kansas-built language-learning app takes a gamified approach to fluency — inspired by travel and the simple joys of players feel when competing in traditional board games, said…
Hella Good lunar launch party celebrates KC’s rising Asian culture, bringing ancestors to the night market
Béty Lê Shackelford hopes Hella Good Deeds — the nonprofit sister organization of the popular Vietnamese coffee shop Cafe Cà Phê — makes members of Kansas City’s Asian community feel held and hugged, she said. “Hella Good Deeds is here; we love you; and we’re really open to collaboration,” explained the founder and executive director…
Husband-wife culinary duo among 8 KC bars, restaurants named James Beard semifinalists
Editor’s note: The following story was published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. Many of Kansas City’s best-regarded culinary luminaries are represented in the nominations, including The Town Company and Chewology; But the list…