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How a Biomed Tech Company Raised $35.7 Million Before Going to Market

from Entrepreneur

When Charu Ramanathan founded CardioInsight in 2005, she knew she had a technology on her hands with the potential to help save people's lives. It provided a minimally invasive way to create a 3-D map of the heart's electrical activity, one that could help in the diagnosis and treatment of heart disease. Ramanathan and her founding partner were researchers, not business people, but over the course of six years, they still managed to raise $35.7 million from government funding, institutional supporters, venture capitalists, industry supporters and angel investors — all before bringing the product to market in Europe in 2012 with a limited launch. more

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