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Advanced NanoTherapies, Inc Raises $31.0M Series B

Recently funded · $31.0M Series bHospitals and Health CareUSView source

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Advanced NanoTherapies, Inc., a company focused on developing novel medical devices, has secured $31.0M in Series B funding. The round saw participation from S3 Ventures, a strategic investor, and T45 Fund, providing a significant capital injection for its work in cardiovascular health.

The company's technology is based on biodegradable nanoparticles designed for higher vascular uptake and cellular retention. This approach underpins its Sirolimus-based devices, which aim to treat atherosclerosis and blockages associated with Coronary Artery Disease (CAD) and Peripheral Artery Disease (PAD).

Advanced NanoTherapies has secured $31M in an oversubscribed Series B round, co-led by S3 Ventures and a strategic investor, with continued support from T45 Fund and existing investors.

This funding will advance SirPlux Duo, the first drug-coated balloon to simultaneously deliver sirolimus and paclitaxel via a functionalized nanoparticle platform. The drug-agnostic, fully biodegradable platform exclusively licensed from Cleveland Clinic has received FDA Breakthrough Device Designation for three indications and is designed for coronary, peripheral, and future vascular applications

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