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Neuspera Medical Inc. closed its Series D funding round, raising $23 million 💰. The funding was led by Vertex Ventures HC and Treo Ventures, with participation from Action Potential Venture Capital, Windham Venture Partners, Olympus Innovation Ventures, and other strategic investors. Neuspera is making an Implantable Sacral Neuromodulation (SNM) System. This discreet, ultra-miniaturized implant is designed to provide personal control and relief from urinary urge incontinence (UUI), a common symptom of overactive bladder (OAB) affecting millions of adults. OAB can significantly impact daily life, leading to issues like depression and social stigma. The Neuspera System stands out as the least invasive sacral neuromodulation device. Its innovative design includes a pulse generator and electrode array that fit snugly within the sacral foramen, eliminating the need for invasive procedures. Patients can enjoy the benefits without noticeable scars or discomfort, regaining control of their symptoms and enhancing their quality of life. This funding will support Neuspera Medical through the anticipated U.S. FDA premarket approval (PMA) of the Neuspera System. This is a step forward in providing less invasive, adaptable treatment options for chronic illnesses. CEO of Neuspera Steffen Hovard said: “We’re excited to bring new partners on board as we approach the next significant milestone of submitting the Neuspera System for regulatory approval,” “The confidence and conviction of our new and existing investors, like Olympus Innovation Ventures, demonstrates the strength and potential of our platform technology.” #neuromodulation #neurotech #funding

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