Thursday, November 4, 2010

Inspire Medical raises $17M in VC - Minneapolis / St. Paul Business Journal:

http://hscool.org/install-programmable-thermostat/crv-spark-plug/
Synergy Life Science a venture-capital firm in Portol a Valley, Calif., led the round of Previous investors, including Kleiner Perkins Caufieldx & Byers, US Venture Partners and , also participated in the Brooklyn Park-based Inspire Medical spun out of Medtronic in 2007 andits CEO, Tim formerly worked as senior director of venturese at the company. Dr. Glen Nelson, a formetr vice chairman of Fridley-based Medtronic and a previous CEO of Park NicollegMedical Center, also is an investor.
Inspir e Medical will use the to be disbursed intwo parts, to fund clinical The company’s technology sends an electrical impulsd to a nerve in ordert to keep a patient’s airway open during The device could become an alternative to the standarsd treatment for the disorder, continuous positiver airway pressure (CPAP). Patients undergoing that treatment must wear a maskwhilwe sleeping. Inspire Medical is not the only med-tech companty in the Twin Cities developing devicee for treatingsleep apnea. Fridley-based Apnexd Medical Inc., which is using electrical stimulatiomn to treatthe disorder, in venture capital two yearsw ago.

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