Artio closes $28M as it scales to save lives; latest funding brings Prairie Village startup’s investments to $74M
June 16, 2022 | Startland News Staff
Another hefty funding round for Artio Medical is expected to launch the startup’s commercial sales team in the U.S. and continue development of its best-in-class product pipeline, said founder Nicholas Franano.
Artio, a medical device company developing innovative products for the peripheral vascular, neurovascular, and cardiology markets, on Thursday announced the closing of $28 million in oversubscribed Series A2 and Series A3 financing, bringing the total amount raised to date to $74 million.
Funds will be used to support U.S. commercialization efforts for the recently cleared Solus Gold Embolization Device and to accelerate the development of Artio’s broad portfolio of products, including expanding the company’s engineering and manufacturing capabilities, Franano said in a press release.
Click here to read more about Artio’s $12 million funding infusion in 2021.
“We would like to thank our existing investors for their continued strong support and also welcome a new group of investors to Artio,” said Joseph McConnell, vice president of finance and business operations at Artio.
“We have the opportunity to do something really special here, to bring a new generation of medical devices to market with the potential to save lives, reduce disability, and improve the quality of life for millions of people,” McConnell continued. “This new capital will help Artio expand our team and scale our operations to deliver on that mission.”
Artio is currently developing ten products for the peripheral vascular market, including the Solus Gold and Solus Flex Embolization Devices for peripheral vessel occlusion and the Amplifi Vein Dilation System which is designed to prepare hemodialysis patients for successful arteriovenous fistula vascular access site creation.
Artio is also currently developing four products for the neurovascular market, including the Endura Embolization System comprising a detachable balloon and coils for the treatment of saccular brain aneurysms.
Click here to learn more about Artio’s portfolio of products.
2022 Startups to Watch
stats here
Related Posts on Startland News
Why this serial entrepreneur bought ‘a giant beach in Kansas’ (and how he plans to make it KC’s next outdoor hot spot)
Lance Windholz is already digging his new position on Shawnee’s sand volleyball courts: owner. “This deal was about six years in the making,” said Windholz, a serial entrepreneur and small business owner. “I had been playing volleyball out at Shawnee Mission Beach Volleyball three, four times a week — and just thought, ‘Why not own…
Rock Chalk hustle: KU launches ‘Startup Jayhawk’ event series to demystify entrepreneurship
Editor’s note: The University of Kansas’ School of Business is a partner of Startland News. LAWRENCE — A three-day startup event series at the University of Kansas is expected to help shine a spotlight on student entrepreneurship and innovation, said Brian Anderson, noting an intentional effort by KU’s School of Business to make startup life…
Enchanté! Restaurateur bakes her latest hotspot on KC Streetcar line: Each space speaks to me
Some conversations are too special to end with a simple “goodbye,” said Heather White. “Say you’re in France with a group of friends, and you’re having one of those amazing conversations that is just so delightful — when it’s time to leave, you want to say more than goodbye. It’s enchanté!” shared White, the founder…
Olathe startup remixes graduation apparel for students with hair that won’t fit the mold (or cap)
Graduation is an important time in a young person’s life, said Rashawnda Wright, noting students should look and feel their best on perhaps the biggest day of their educational careers. After watching her daughter, Myayla, struggle to wear her graduation cap atop her big, curly hair, Wright was inspired to come up with a solution.…