Kona Medical Gets $10M

Menlo Park- and Bellevue, Washington-based medical device manufacturer Kona Medical said Monday that it has raised $10M in a Series D, equity financing round. The round came from Chinese investment firm Morningside Group, which was the sole investor in the funding. Kona Medical is developing an ultrasound system for treating hypertension. The firm said the new funds are earmarked to entering the Chinese market. Kona Medical is led by Michael Gertner. More information »