Satiety pulls in $30M for obesity device

Satiety, a Palo Alto, Calif., device maker focused on obesity, raised $30 million in a fourth round of funding. Skyline Ventures led the round, joined by HLM Venture Partners, Pinnacle Ventures, Venrock, Three Arch Partners, Morgenthaler Ventures and Thomas Fogarty.

Satiety is developing a minimally invasive device for stomach-reduction surgery consisting of a stapling tool that can be passed down the throat into the stomach. The company was founded in 2001.