Cayenne Medical Raises $12.7M

Scottsdale, Arizona-based Cayenne Medical has raised $12.7M in a Series B funding, the firm said Tuesday. The round came from Split Rock Partners, and also included MB Ventures and other accredited private individuals. Cayenne Medical is developing medical devices for soft tissue repair for the sports medicine market. Dave Stassen of Split Rock and Mike Sherman of MB Ventures have joined the firm's board. More information »