TivaMed, a medical device maker working on radio-frequency-based technology for the gynecology field, has raised another $6 million in a first round of funding — bringing the total of the round to $10 million. Based in Palo Alto, Calif., the company says this financing will help it finish product development in preparation for a commercial launch next year, reports VentureWire.
Based on a 2007 patent filing, TivaMed’s technology will be used to retighten women’s skin following childbirth, but little else is known.
The company has yet to close the round of funding, reserving the right to add to it if need be. It wants to raise more money in six months, either as part of the current round or a new one. The new $6 million came from 5AM Ventures and GBS Venture Partners, among unnamed others.
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