Nalu Medical, a Carlsbad, CA-based company focused on minimally invasive, and non-opioid solutions for chronic neuropathic pain, raised $65M in equity financing.
The round was led by new investor Novo Holdings with participation from existing investors Gilde Healthcare, MVM Partners, Endeavor Vision, Decheng Capital, Longitude Capital, Advent Life Sciences, Pura Vida, and Aperture Venture Partners.
The company intends to use the funds to accelerate commercial growth, expand clinical and health-economic evidence, continue product development, and scale operations.
Led by CEO Nalu is a medical technology company focused on developing and commercializing innovative and minimally invasive solutions for patients with chronic neuropathic pain. Its Neurostimulation System delivers gentle electrical pulses to the nervous system to modulate pain signals before they get to the brain. The Nalu System consists of a fully featured, battery-free, miniaturized implantable pulse generator (IPG) that is powered wirelessly by an externally worn Therapy Disc and controlled through a smartphone-based remote-control app. Despite its small size, the Nalu micro-IPG™ delivers treatment capabilities similar to larger IPGs as well as unique advantages associated with advanced waveforms, extensive programming options, exceptional upgradability, and an expected service life of 18 years. The system is FDA-cleared for Spinal Cord Stimulation (SCS) and Peripheral Nerve Stimulation (PNS) indications.
That’s awesome news for Nalu Medical! Sending them a big virtual high-five for securing $65M in equity financing—congratulations! Wishing the team continued success as they embark on new ventures and contribute to the ever-evolving landscape of innovation. 🎉~ Dr Shishir said Gupta founder & CEO of StartupLanes
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