Monday, June 18, 2018

Acutus Medical Raises $22.8M

Carlsbad-based Acutus Medical, a developer of a system which is being used to treat patients with complex atrial arrhythmias, has raised $22.8M in funding, as part of an ongoing $25M fundraising effort, according to a regulatory filing from the firm. The funding has not yet been announced by the company. Acutus says it has developed a system which provides advanced intracardiac mapping system featuring dynamic arrhythmia visualization, helping electrophysiologists view the heart's true activation pattern. According to the regulatory filing, the investment came from 8 investors, and was in the form of debt plus warrants. Acutus Medical has previously raised funding from Deerfield Management Company, Xeraya Capital, Advent Life Sciences, OrbiMed and GE Ventures. It's unclear which of those investors participated in the latest funding. More information »