Tuesday, April 3, 2018

Axonics Finds $40M In Funding

Irvine-based Axonics Modulation Technologies, which is developing medical devices for treating urinary and bowel dysfunction, said today that it has raised $40.1M in financing, split between $20.1M in equity and $20M in a credit facility. The equity funding was led by Longitude Capital, and also included Gilde Healthcare. The credit facility came from Silicon Valley Bank. According to Axonics, Juliet Bakker of Longitude joins the company's board with the funding.

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