Sientra, device maker for plastic surgery, raises $85M

April 18, 2007 | Matt Marshall

Sientra, a Santa Barbara medical device company focused on plastic surgery and aesthetics medicine, said it raised a $85 million second round of financing — one of the largest private funding rounds in the medical device sector.

Sientra also announced that it has acquired the assets of Silimed Inc., a leading developer of plastic surgery implants for both cosmetic and reconstructive surgery.

The round was co-led by OrbiMed Advisors and Clarus Ventures, and included Goldman Sachs and TIAA-CREF.

Sientra plans to use some of the proceeds to finance the Silimed acquisition.

Statement is here. We couldn’t find a Web site for Sientra.

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Tags: deal

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.