Camden Partners Nexus leads Series D funding for eNeura - Technical.ly Baltimore

Sciences

Feb. 7, 2018 10:16 am

Camden Partners Nexus leads Series D funding for eNeura

The Baltimore-based company makes a device to treat migraine headaches.

eNeura's sTMS mini is a portable device to treat headaches.

(Courtesy photo)

eNeura, a Baltimore-based company that makes a device to treat migraines, closed a Series D investment round.

The round was led by Camden Partners Nexus, the Inner Harbor firm’s venture fund focusing on biomedical technology. Also participating were the Abell Foundation, entrepreneur David Oros, Marc Blum, and the Fischell family, who also founded the company. The amount of funding raised in the round was not disclosed.

University of Maryland BioPark–based eNeura makes a device called sTMS mini that sends a magnetic pulse into the brain to treat and prevent migraine headaches in a process known as neuromodulation. It’s seen as a replacement for drugs, according to CEO David Rosen. While the device must be prescribed, it is portable and could be used by patients outside a clinic.

“Neuromodulation is the next great advancement in migraine treatment and prevention and we are pleased to have the opportunity to support eNeura’s commercial efforts to expand sTMS access for patients,”  Jacob Vogelstein, Managing Partner at Camden Partners Nexus, said in a statement.

The company reported receiving FDA clearance for the device in September. Now the company is planning to expand its presence in the commercial market, focusing on headache specialists and neurologists at headache centers in the U.S.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Gliknik receives $15M payment from Pfizer after reaching clinical milestone

MindX, a startup developing brain-controlled smartglasses, names Julia Brown as CEO

JPMorgan Chase is expanding its Entrepreneurs of Color Fund to offer loans in Baltimore

SPONSORED

Baltimore

Arrive ready to grow at 14 West

Baltimore

StraighterLine

Director of Product Management (Programs)

Apply Now
Baltimore, MD

SmartLogic

Product Designer

Apply Now
Baltimore, MD 21201

Agora Financial

Jr. Project Manager / Business Analyst

Apply Now

Maryland E-Nnovation initiative provides matching funds for tech-focused research endowments

Digital Harbor Foundation receives $450K grant from The Harry and Jeanette Weinberg Foundation

Maryland companies raised more than $1B in venture funding in 2018

SPONSORED

Baltimore

The Washington Post is reprogramming the way news breaks

Canton in Baltimore, MD

iVeia

Software Engineer (Embedded/SoC)

Apply Now
Baltimore, MD

SmartLogic

Developer

Apply Now
Baltimore, MD 21201

The Oxford Club

Web Developer

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!