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

BlueRidge.AI raises $1.9M to bring machine learning to factory floors

With new Baltimore space and $5M Series A, Whitebox grows ecommerce tech platform

Minnowtech receives $225K grant to bring imaging platform to shrimp farmers

SPONSORED

Baltimore

Building a data acquisition system? Don’t make this mistake

Baltimore

Galley

Marketing Brand Ambassador

Apply Now
Baltimore

BurnAlong

Sales Representative

Apply Now
Baltimore, MD 21201

14 West

Customer Success Associate

Apply Now

UMB startup NextStep Robotics raises $600K for device treating foot drop

Xometry raises $50M, led by Owings Mills-based Greenspring Associates

Clean Creative is now clean.io, raises $2.5M seed round

SPONSORED

Baltimore

How SmartLogic accelerated these startups’ product growth trajectories

Baltimore, MD

SmartLogic

Developer

Apply Now
Annapolis Junction, MD

Asymmetrik

FULL-STACK DEVELOPER

Apply Now
Annapolis Junction, MD

Asymmetrik

SOFTWARE ENGINEER

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!