Minerva Surgical raises $25M for device that reduces menstrual bleeding

Minerva Surgical, which is developing a device that treats abnormally heavy mentrual bleeding, said in a regulatory filing Monday that it has raised more than $25 million in new funding.

The Redwood City company led by President David Clapper didn't say who the funding came from but indicated that it was a round started on Sept. 12 and involves 26 investors.


Minerva's device, known as the Aurora Endometrial Ablation System, uses a balloon and an electrode array in a treatment that the company says takes four minutes. The condition it treats affects about one in five women, the company said, and the treatment is meant for women who don't want to have children afterwards.

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