Benvenue Medical Finds $15M

Mountain View-based Benvenue Medical, which develops minimally invasive medical devices for spinal repair, said today that it has raised $15M in a Series B financing. The round was led by Three Arch Partners, and also included prior investors Versant Ventures and De Novo Ventures. The firm will use the funding to expand its product development program, and to obtain additional regulatory approvals for its device. Dr. Bill Harrington of Three Arch Partners joins the company's board as part of the funding. More information »