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
Put a ring in it: Journey Pro enters the ‘Era of Agnes’ with new location on KC’s East Side
Founder combines passion for wrestling, fighting cancer in latest show Every window was broken. A solid foot of trash covered the floor. And there was a strange smell coming from the bathrooms. Yet, DJ Stewart stepped into the abandoned section of the Agnes Arts Center and knew it was going to be the perfect home…
Real-world ready: Honeywell partners with local high schools, offering full-time careers to Grandview graduates
Simon Williams wasn’t interested in college; he instead saw a professional path after high school that avoided costly and time-wasting diversions. “I just didn’t want to start my career four years later, with almost $100,000 in the hole,” said the recent Grandview graduate and new hire at Honeywell as an assembler adjuster. The U.S. Department…
Thirsty fans line up as Weston distillery resurrects pre-Civil War Missouri bourbon
Editor’s note: The following story was originally published by Flatland, the digital magazine of Kansas City PBS and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for the weekly Flatland email newsletter. This is a historic moment for the folks at Holladay Distillery in Weston, Missouri, and also a big deal…
Survival rates for new biz in MO, KS lag national average; What’s getting in their way?
Editor’s note: The following story was originally published by Flatland, the digital magazine of Kansas City PBS and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for the weekly Flatland email newsletter. Colorful balloons, ribbons, unlimited drinks, food and of course music. There was everything at the ribbon cutting…