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§ Private Profile · Mountain View, CA, USA
Medical device company developing fully bioresorbable scaffolds for interventional cardiology, focused on treating coronary artery disease.
Amaranth Medical is a Mountain View, California-based medical device company that develops and manufactures fully bioresorbable polymer scaffolds for the interventional cardiology sector. The firm designs specialized cardiovascular stents, including the FORTITUDE and MAGNITUDE scaffolds, which temporarily support diseased coronary arteries during the healing process before completely dissolving into the body. Prior to ceasing operations around 2019 due to market conditions, the enterprise operated with a workforce of approximately 40 employees and generated an estimated $12.4 million in revenue. Throughout its lifecycle, the company raised over $40 million in total venture capital funding from a syndicate of institutional investors, including Venrock, Lightstone Ventures, Apple Tree Partners, and Boston Scientific. Amaranth Medical was originally founded in 2005 as a research spinout from Nanyang Technological University by co-founders Professor Freddy Boey and Professor Subbu Venkatraman.
Amaranth Medical has raised $20.0M across 1 funding round.
Amaranth Medical has raised $20.0M in total across 1 funding round.
Amaranth Medical has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Series B in October 2013.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 8, 2013 | $20M Series B | DCP Capital | Swee Yeok Chu, PBM, Fred M. Schwarzer, Phillip Capital, Venstar Capital | Announced |
Amaranth Medical has raised $20.0M in total across 1 funding round.
Amaranth Medical's investors include DCP Capital, Swee Yeok CHU, PBM, Fred M. Schwarzer, Phillip Capital, Venstar Capital.