Flow Forward Medical raises additional $1.3M
May 18, 2015 | Bobby Burch
Flow Forward Medical boosted its latest funding round to further develop its device that helps improve outcomes for hemodialysis patients.
The Olathe-based company closed a $1.3 million round of additional Series A financing led by the Kansas Bioscience Authority. Flow Forward previously raised $4.4 million, bringing its total funding raised to date to about $5.7 million.
Flow Forward created the AFE blood pump system, which is designed for temporary use to quickly dilate peripheral veins through flow-mediated vascular remodeling prior to arteriovenous fistula surgery. In addition to mitigating care costs, the device reduces morbidity and mortality in hemodialysis patients.
Flow Forward also announced that it will receive a $225,000 Phase I Small Business Innovation Research grant from the National Institutes of Health. The grant will help fund testing on peripheral vein dilation with the AFE System prior to AVF creation in a nonclinical model.
Flow Forward is a spinoff of CEO Nick Franano’s previous company, Novita Therapeutics. To learn more on Flow Forward and its device, click here.
Featured Business
2015 Startups to Watch
stats here
Related Posts on Startland News
Founder of defunct Symptomly shares lessons from failure
Failure is a touchy subject. But for Derek Bereit — the former CEO and co-founder of mobile asthma tracking company Symptomly — his company’s failure was an opportunity shrouded in a difficult situation. Rather than sulking, Bereit sat down with Startland News to discuss Symptomly’s demise, the lessons it provided him and the possibilities that…
Founders discuss tough decisions entrepreneurs face
Two founders took the stage at Kansas City’s chapter of 1 Million Cups to discuss the vast variety of tough decisions entrepreneurs face when starting and running a business. Stuart Ludlow, co-founder of RFP 365 and Sarah Shipley, co-founder of BikeWalkKC, offered insights and advice for those launching a business. Read about RFP365’s recent funding…
Lenexa studio joins national coworking relief effort for Nepal
Despite the nearly 8,000 miles between them, a Kansas City-area coworking studio is helping with relief efforts in Nepal after a 7.8 magnitude earthquake destroyed hundreds of buildings and claimed thousands of lives. Lenexa-based Plexpod has joined the international “Coworking for Nepal” movement that has attracted dozens of studios to encourage fundraising for Nepal relief…
KC’s first innovation officer reflects on work, city’s tech future
After more than two years of service, Ashley Hand is leaving the driver’s seat of Kansas City’s innovation efforts. Hand, who soon will be departing as Kansas City’s chief innovation officer, was tasked with implementing innovative strategies to improve how city government can better serve Kansas Citians. The city will be accepting applications for the…