Arbor Raises $20M

Irvine-based Arbor Surgical Technologies has raised $20M in a Series B funding. The company said that it raised the round from Bair Venture Partners, with new investors Affinity Capital Management and Fisk Ventures. Existing investors Delphi Ventures, Alloy Ventures, Johnson & Johnson Development Corporation, Three Arch Partners, Thomas J. Fogarty MD, Sapient Capital, Kaiser Venture Capital, David Chonette, and Sage Venture Partners, also participated. Pete Shagory of Baird Venture Partners joins the company's board. Arbor is developing a heart valve replacement system. The funding brings the company's total to approximately $34M. More information »