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-
LEAVE A COMMENT

Advertisement

Pixilated is seeking investors through crowdfunding

This startup developing an ‘airbag’ for battlefield wounds recently moved to Baltimore

Johns Hopkins startup gets funding from company turning research into businesses

SPONSORED

Baltimore

How Think|Stack and Year Up are cultivating local tech talent

Baltimore

Sema

Senior Software Engineer

Apply Now
Baltimore, MD 21201

14 West

HTML / CSS Production Specialist

Apply Now
3500 Boston St, Baltimore, MD 21224

SmartLogic

Sales and Business Analyst

Apply Now

Serverless security startup Protego raises $2M in seed funding

Maryland-based IronNet Cybersecurity raises $78M Series B

This startup is bringing a human face to surgical masks

SPONSORED

Baltimore

Let these free workshops help your business really take off

Baltimore or remote

Fastspot

Back-end Web Developer

Apply Now
Baltimore, MD 21201

14 West

Messaging Product Manager

Apply Now
Baltimore, MD 21201

14 West

Front-End Web Developer

Apply Now

Sign-up for regular updates from Technical.ly

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