Urology device startup Percutaneous Systems raises $6.3M

Percutaneous Systems has raised $6.3 million of a planned $7 million fourth round, according to VentureWire citing a regulatory filing. The funding comes from existing investors Compass Group, Montreux Equity Partners and Shea Ventures, as well as undisclosed new investors.

The Palo Alto, Calif. startup develops urology products and previously raised $12.25 rounds of funding.

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Anthony is a senior editor at VentureBeat, as well as its reporter on media, advertising, and social networks. Before joining the site in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. (All story pitches should also be sent to tips@venturebeat.com) You can also follow Anthony on Twitter.

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