Veniti Closes $10 Million Funding Round Led By Vectis

Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

Medical device startup Veniti has raised $9.72 million from 15 investors in its latest funding round, according to documents filed with the Securities and Exchange Commission. Vectis Healthcare & Life Sciences Fund II led the round, which featured close to $7 million from existing investors.

The St. Louis-based company is developing three separate products related to venous diseases. Morris said the money from the latest fundraising round will be used to carry the company through commercialization efforts in Europe and the lengthy regulatory process with the Food and Drug Administration.

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