ReShape Medical Inc., a young San Clemente medical device company working on a treatment for obesity, has raised $20 million in a second round of outside funding.
U.S. Venture Partners in Menlo Park led the round. Other participants include existing investors New Leaf Venture Partners and SV Life Sciences.
ReShape earlier raised $8 million in its first equity round.
Other venture stories…..
- O.C. gets fewer venture capital deals, more dollars
- O.C. equity investors foresee bleak ‘09
- Private equity investing drops 85% in Q4
- Venture capital fundraising plunges 60% in Q4
- O.C. clean-water firm gets $10 million investment
- O.C. venture investments grow, buck national decline
Other business stories….
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- O.C. firm to pay $10 for discarded Super Bowl 3-D glasses
- O.C. company buys Maryland firm
- O.C. printer seeks to buy bankrupt competitor
- O.C. firm moves manufacturing to Wisconsin
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- Boost adds touch to its cell phone lineup
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