St. Louis Medical Device Startup Raises $1 Million

Photo by Nicole Lunger
Photo by Nicole Lunger

SynerZ Medical, Inc., a medical device startup based in St. Louis, has raised just more than $1 million in a private equity financing round, according to documents filed with the Securities and Exchange Commission.

SynerZ, founded in June by Virender Sharma, says it is developing a cost-effective alternative to surgery for obese people and those with Type 2 diabetes. SynerZ raised the $1.08 million from 22 investors. Its first sale came on Dec. 11, and the round closed on Dec. 23.

Investors pitched in with a minimum contribution of $5,000. SynerZ is one of 18 finalists for this year’s Olin Cup, a business plan competition held by Washington University’s Skandalaris Center.

Read more from the St. Louis Business Journal

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