The Medtronic-Sequoia China Healthcare Technology Venture Investment Fund, a US$60 million joint investment vehicle established by global healthcare firm Medtronic PLC and Sequoia Capital, has made an investment in Shanghai-based Forerunner Medical (Shanghai) Co., Ltd., according to an announcement.
Existing investors Sequoia and WuXi Healthcare Ventures, the investment arm of Shanghai-based contract research outsourcing firm WuXi AppTec, also participated in the series B round. No financial details were announced.
Forerunner Medical was founded in 2009 as a developer and manufacturer of innovative medical devices for minimally invasive treatment. It mainly develops low-temperature plasma radio-frequency generator and electrodes for sport medicine, disk demo-pression and ENT treatment.
Its products have achieved certification by the...
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