Company

Metro Area

Sector

Amount
Raised
($ millions)

Investors

CVRx Inc.

Minneapolis
Cardiovascular
65.00
ABS Ventures, Frazier Healthcare Ventures, InterWest Partners, Johnson & Johnson Development, New Enterprise Associates, Sightline Partners, Thomas Weisel Healthcare Venture Partners

Acorn Cardiovascular Inc.

Minneapolis
Cardiovascular
22.00
Cardinal Health, CSFB Private Equity, Fidelity Biosciences, New Enterprise Associates, Sightline Partners

Atritech Inc.

Minneapolis
Cardiovascular
22.00
Affinity Capital Management, Prism VentureWorks, Sightline Partners, Split Rock Partners, Thoma Cressey Bravo, Tullis-Dickerson & Co.

superDimension Ltd.

Minneapolis
Pulmonology
21.00
Medical Venture Partners, Oxford Bioscience Partners, Pitango Venture Capital

Leptos Biomedical Inc.

Minneapolis
Neurology
20.00
Latterell Venture Partners; Spray Venture Partners, Technology Partners; Thomas, McNerney & Partners

Apnex Medical Inc.

Minneapolis
Neurology
16.10
Domain Associates, New Enterprise Associates, Polaris Venture Partners, individual investors

Cardiovascular Systems Inc.

Minneapolis
Cardiovascular
12.50
Undisclosed investors

Envoy Medical Corp.

Minneapolis
Neurology
12.50
Individual investors

Tactile Systems Technology Inc.

Minneapolis
Radiology-Oncology
11.80
Galen Partners

Arteriocyte Medical Systems Inc.

Cleveland
Cardiovascular
10.00
DW Healthcare Partners, Arteriocyte Inc.

BridgePoint Medical Inc.

Minneapolis
Cardiovascular
10.00
Foundation Medical Partners, New Enterprise Associates, Polaris Venture Partners, individual investors

NeuroVasx Inc.

Minneapolis
Neurology
8.50
Miller Johnson Steichen Kinnard, the Stephens Group

SpineMatrix Inc.

Cleveland
Orthopedics
8.00
Psilos Group

Cellectar LLC

Wisconsin
Radiology-Oncology
7.00
Continuum Investment Partners, angel investors

Intelect Medical Inc.

Cleveland
Neurology
7.00
Boston Scientific Corp., Greatbatch Inc.

Uromedica Inc.

Minneapolis
Urology-Gynecology
6.75
Medtronic Inc.

Incisive Surgical Inc.

Minneapolis
General Surgery
6.00
Undisclosed investors

Imalux Corp.

Cleveland
Imaging-Urology
5.10
Early Stage Partners, Reservoir Venture Partners, Symark International

Impres Medical Inc.

Minneapolis
Urology-Gynecology
5.00
Johnson & Johnson Development, Technology Funding, Wavepoint Ventures, individual investors

Flexuspine Inc.

Pittsburgh
Orthopedics
4.88
Undisclosed investors
Table I. Top 20 Midwest medical device financings in 2007. Source: BioEnterprise.