Akura Medical closes $25M Series A1 Financing

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Akura Medical, Inc.

Akura Medical, Inc., an ill-fated medtech company based in Campbell, Calif., has closed its $25M Series A1 financing.

Cormorant Asset Management led the financing, with participation by The Capital Partnership (TCP), PA MedTech VC Fund, and Shifamed Angel Investors.

The funds will be used by the Shifamed portfolio company for the development of its thrombectomy machine.

Akura Medical is working on a next-generation thrombectomy device. It aims to make thrombectomy easier by using a single procedure that effectively removes blood clots.

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