Micro Interventional Devices, an emerging cardiovascular medical device company, has secured $3.5 million of its expected $5 million Series B financing. The initial tranche was led by Originate Ventures with existing investor, Battelle Ventures also participating in the round. In conjunction with the financing Mike Gausling, managing partner of Originate Ventures, will join the MID board of directors.
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ThermalTherapeutic Systems Inc., a Pittsburgh-based provider of a portable platform technology for standardizing hyperthermic perfusion, has raised $2.75 million in Series A funding. Originate Ventures led the round, and was joined by seed backers Pittsburgh Life Sciences Greenhouse and Innovation Works.
South49 Solutions, a Sterling, Va.-based provider of solutions for managing distributed workforces, has raised $1.2 million in Series A funding led by Originate Ventures. As part of the deal, convertible debt holders like CIT GAP Funds were converted to equity holders.