Entellus Medical raises $30 million
This article was originally published in The Gray Sheet
Executive Summary
Expanded commercialization of the firm's FinESS endoscopic device for less invasive treatment of chronic sinusitis will be facilitated by a recently completed $30 million "Series D" financing round, announced Nov. 17. A portion of the funds will go toward expanded sales and customer support teams. The Minneapolis firm launched the 510(k)-cleared device in September 2008, and says it is now preparing for nationwide availability in 2010, as well as for overseas marketing. The funding was led by Essex Woodlands Health Ventures