Rivermark Medical Brings in $30M in Series C Funding
Rivermark Medical, a Milwaukee startup, has secured $30 million in Series C funding. The round was led by American Century Investments and included participation from Venture Investors Health Fund, Time BioVentures, and an unnamed strategic investor, with follow-on participation from existing investors View Ventures, Cadence Healthcare Ventures, and Anduril Investors LLC.
The clinical research startup plans to use the funds to continue their clinical development efforts, specifically for their flagship product – FloStent™ System. FloStent is a minimally invasive treatment option for Benign Prostatic Hyperplasia (BPH). With minimal invasion, a patient can have restored urinary function with a reduced recovery time.
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