Novasys Medical is a Newark, Calif. medical company that makes a device for a specific condition affecting some women, called female stress urinary incontinence.
The device Novasys makes is the only real alternative to surgery for women with the problem, according to an interview with the CEO in VentureWire, which also reported the funding.
The $49.5 million was led by Versant Ventures, with participation from Skyline Ventures, Three Arch Partners, Affinity Capital Management, Alloy Ventures, Delphi Ventures, GBS Venture Partners, Invesco Private Capital, JP Morgan Partners and Onset Ventures.
Next Story: iPhone expansion continues: Europe, Mideast, Africa, Atlantis…
Previous Story: WPP is very happy about its Yahoo partnership — would be happier if it included Microsoft as well
Tags: deal
