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Acutus Medical, Inc. Raises $21 Million Toward its B-Series Financing
Date:6/25/2013

SAN DIEGO, June 25, 2013 /PRNewswire/ -- Acutus Medical, Inc. (ACM), a medical device company developing a minimally invasive real-time 3D Cardiac Chamber Imaging and Dipole Density Mapping system for the identification of the sources that cause and/or sustain complex cardiac arrhythmias, including atrial fibrillation, announced it has completed an initial closing of $21 million towards its Series B financing round.  The round was led by new investor OrbiMed with the participation of existing investors. Proceeds will be primarily used to support the continued efforts in company's research and development, including clinical studies.

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"We are very pleased to be working with our new investors as well as our current team as we continue our passion to develop the first clinical evidence-based system using 3D Cardiac Chamber Imaging and Dipole Density Mapping to identify the issues causing irregular heart rhythms, no matter the cause, then help physicians treat each patient's needs while reducing costs to providers and the healthcare system," said Randy Werneth, CEO of Acutus Medical.

"With investors like Index Ventures, Advent Ventures and now OrbiMed Ventures who all have a long track record of building great companies around transformative innovations, we believe this financing will support an exciting next chapter in advancing the technology of Acutus Medical to become the only system capable of mapping the source of all arrhythmias regardless of mechanism or substrate.  With CT-quality imaging and Dipole Density-based activation, the combined information should make for more efficient procedures by identifying precise treatment targets, monitoring therapy progress, and identifying the clinical impact on the patient – all in real-time," sa
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SOURCE Acutus Medical, Inc.
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