Averto Medical Raises $30M in Funding for ColoSeal™ Testing and Development

Averto Medical's Series A Funding

Key Highlights:

• Series A Funding: Raised $30 million in Series A funding to support clinical testing of the ColoSeal™ intraluminal diversion system.
• Investors: Cormorant Asset Management led the round, with participation from Venrock Healthcare Capital Partners, LifeSci Venture Partners, CVF, and others.
• Leadership: Ken Song, MD appointed as Executive Chairman, with Dan Puckett and Bihua Chen joining the board of directors.

Averto Medical's Target Market

• Target Market: Gastrointestinal care, specifically procedures such as colorectal cancer resection.
• Healthcare Providers: Surgeons, gastroenterologists, and other medical professionals involved in gastrointestinal procedures.
• Hospitals and Clinics: Medical facilities specializing in gastrointestinal care and surgery.

What Averto Medical Needs to Buy

• Clinical Research and Testing Services: Collaborating with research organizations and clinical testing facilities for further development and regulatory approvals.
• Manufacturing and Supply Chain Solutions: Partnering with manufacturers to produce and distribute the ColoSeal™ intraluminal diversion system.
• Marketing and Sales Support: Engaging with marketing agencies and sales experts to promote the product to healthcare providers and facilities.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.