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Venture Capital News: Ictero Medical Closes $6M Series A Financing

2022-04-29
HOUSTON, TX, Ictero Medical, a medical device startup, raised an oversubscribed $6M Series A financing.
Ictero Medical, Inc., a medical device startup developing a novel cryoablation system to treat high-risk patients with gallstone disease, raised an oversubscribed $6M Series A financing led by MedTex Ventures, S3 Ventures, and an undisclosed strategic investor.

Ictero Medical was founded in 2018 as part of the Texas Medical Center's Biodesign Fellowship program and is developing the first cryoablation system to treat high-risk patients with gallstone disease. Ictero's catheter-based technology can be used in the interventional radiology suite to treat the gallbladder without having to remove it, ultimately allowing clinicians to offer their patients the benefits of surgery without the risk.

Previous funding support includes a Phase I NSF grant and a $1M Seed round co-led by the Texas Medical Center Venture Fund and Texas HALO Fund.
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