Nellix raises $6.5M for aneurysm grafts

David P. Hamilton | March 15th, 2008 |

nellix-endo-logo.gifNellix Endovascular, a Palo Alto, Calif., medical-device maker, raised $6.5 million in a third funding round, I’ve learned. The startup is developing a new treatment for repairing blood-vessel flaws in the chest and abdomen.

Those flaws, known as aneurysms, are thin-walled “bubbles” in blood vessels that can rupture on short notice, often fatally. The Nellix device and treatment apparently injects some form of goop into these aneurysms, filling and sealing them in order to prevent rupture.

Investors in the round included Essex Woodlands Health Ventures and Incept.

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  1. March 15th, 2008
    7:21 pm

    Exclusive news on life-science start-up fundings: Cameron, Nellix, Miramar, Chestnut » VentureBeat said:

    [...] Nellix (Palo Alto, Calif.), a device-maker focused on aneurysms [...]

  2. March 17th, 2008
    6:29 am

    Life-science briefing: Monday, March 17, 2008 » VentureBeat said:

    [...] Nellix raises $6.5M for aneurysm grafts (VBLS exclusive) [...]

One Comment

  1. March 15th, 2008
    2:18 pm

    Nellix Investor said:

    I believe this is a second tranche of their series B round.

    The “goop” is a polymer that dries in a matter of minutes.

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