trong>BAROnova has closed its Series C financing of $27.3 million, led by investments from Sante Ventures and Boston Scientific Corporation, an innovator of medical devices and technologies. Investors included Series B investors ONSET Ventures, Highland Capital Partners and Arboretum Ventures, along with new investor Lumira Capital. Financial terms were not disclosed.

MyHealthDIRECT has appointed Tom Cox, a current MyHealthDIRECT board member, to the role of Chief Executive Officer, effective August 1, 2012. Cox will replace MyHealthDIRECT founder Jay Mason, who will remain with the company and continue to serve as a board member. MyHealthDIRECT is backed by Arboretum Ventures and Chrysalis Ventures. PRESS RELEASE MyHealthDIRECT, the [...]

The University of Michigan’s Wolverine Venture Fund, managed by the school’s business school students, is among those investors to invest in the newest round of Sonitus Medical, a medical device company that manufactures a non-surgical, removable hearing device that transmits sound via the teeth. Other participants in the $25 million Series D included Arboretum Ventures and [...]

Uptake Medical has closed a Series C funding round. The round was led by Singapore-based Crescent Point Group, with existing investors, Maverick Capital, ONSET Ventures, GBS Venture Partners, WRF Capital, Arboretum Ventures and Affinity Capital, making additional investments. Uptake Medical is focused on the development and commercialization of innovative, non-surgical treatments for lung diseases. PRESS [...]

Advanced ICU Care, an independent provider of tele-ICU programs, has closed a new round of equity funding. The financing was led by Trident Capital and includes existing investors, Versant Ventures, Arboretum Ventures, and Catalyst Capital. John Reardon, managing director with Trident Capital, will join the Advanced ICU Care board of directors. PRESS RELEASE Advanced ICU [...]

Arboretum Ventures and Flagship Ventures co-led a $4.5 million Series A round for medical device startup Tangent Medical Technologies Inc. Osage Ventures and several undisclosed angel investors also contributed. Tim Petersen of Arboretum and Harry Wilcox of Flagship have joined Tangent’s board.

Cleveland-based Cervilenz has added to its Series A round, closing the round with $8.35 million. The company, backed by investors including Arboretum Ventures and Chrysalis Ventures, plans to use the funding to continue commercialization of its medical devices for women. The device is designed to predict the risk of preterm birth in pregnant women.

Q3 certainly wasn’t a pretty quarter for venture fundraising. In fact, it was downright ugly, with just $1.72 billion raised by 52 U.S.-based venture funds, the smallest amount raised since Q3 2003, according to the National Venture Capital Association and Thomson Reuters (publisher of peHUB). In contrast, 49 U.S.-based VC funds raised nearly $2.9 billion in [...]

MyHealthDIRECT, a web-based system that allows patients to schedule healthcare appointments, has closed its Series B investment round with $4 million. Ann Arbor, Mich.-based Arboretum Ventures and Louisville, Kentucky-based Chrysalis Ventures provided the funding, which will be used to expand sales, client services and technical resources, the company said.

NxThera Inc., a St. Paul, Minn.-based medical devices company, has added $12.6 million in Series B financing. American Medical Systems Inc. led the round, and was joined by existing investors Arboretum Ventures, Aberdare Ventures and GDN Holdings. NxThera is developing medical technologies to treat a variety of endourology conditions.