Torax Medical, Inc. is a privately held medical device company headquartered in St. Paul, Minnesota that develops and markets products designed to treat chronic diseases related to defective sphincter muscles. The company's technology platform, Magnetic Sphincter Augmentation (MSA), employs a small implant comprised of interlinked titanium beads with magnetic cores. The magnetic attraction between the beads augments the existing sphincter's barrier function to prevent reflux or incontinence. The devices are implanted with standard minimally invasive laparoscopic or surgical procedures.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 09/19/12 | $30,000,000 | Series D |
Accuitive Medical Ventures Kaiser Permanente Ventures Mayo Medical Ventures Piper Jaffray Merchant Banking Sanderling Ventures Thomas, McNerney & Partners | undisclosed |
