CircuLite Raises $5 Million

CircuLite Inc., a Hackensack, N.J.-based developer of circulatory assist technology for the management of chronic heart failure, has raised $5 million in additional Series B funding, to close the round at $25 million. Credit Agricole Private Equity provided the final tranche, joining earlier backers Forbion Capital Partners, Foundation Medical Partners, Oxford Biosciences Partners and SB Life Science Ventures.