Apnex Spins Out

Apnex Medical Inc., a Minneapolis-based developer of implantable technology to treat obstructive sleep apnea, has raised $16.1 million in Series A funding. Backers include Domain Associates, New Enterprise Associates and Polaris Venture Partners. Apnex is the second spinout from medical device incubator Prospex Medical, which previously formed BridgePoint Medical. www.prospexmedical.com