Nellix Inc.’s development of a tiny surgical device that supports blood flow through damaged arteries has attracted venture investment from two prestigious Bay Area based private equity groups, The Band of Angels and Incubic Venture Fund. This is the first institutional round in the early stage medical device startup, located in Redwood City. “This project has enormous potential to treat AAA percutaneously,” said Jim McKinley CEO of Nellix, “The Band of Angels and the Incubic Venture Fund are great partners for us, including the addition of Bill Nighan, partner at Incubic Venture Fund, and Dr. Wally Buch, Member of the Band of Angels, to our Board of Directors.

Financials

Date Type Amount Investors Valuation
03/17/08 Series C 6.5M Band of Angels, Incubic Venture Fund Unknown

People

Gwen Watanabe (President, CEO)

Guido Neels (Board Member)

Michael Gertner (President/CEO)

Wally Buch (Board Member)

William Nighan (Board Member)

View more details about the people at Nellix