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news.Cardiva Medical has closed a $15.5 million private equity financing lead by PTV Sciences. Cardiva intends to use the proceeds of the financing for general corporate purposes, including the expansion of its US sales force.
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Also investing in this financing were existing investors Galen Partners, Sycamore Ventures, Amkey Ventures, Lexli Investment, and Eminent Venture Capital.
Cardiva also announced that Rick Anderson, a managing director with PTV Sciences, will join Cardiva’s board of directors. Prior to PTV Sciences, Mr Anderson served as group chairman of Johnson & Johnson, and worldwide franchise chairman of Cordis.
Augustine Lien, chairman and CEO of Cardiva Medical, said: “We are delighted that PTV Sciences has joined with Cardiva’s current investors to finance the expansion of our direct sales force in the US. We now have the resources to aggressively expand our customer base.”