Medipacs Raises $1.65M In Funding

Medical device developer Medipacs Inc. announced last week that it has raised an initial venture capital investment worth $1.65 million. Medipacs credited Mesa Verde Venture Partners and investors from San Diego, Washington D.C., Phoenix and Tucson, Ariz., with leading the effort. Mesa Verde is a venture capital fund that specializes in seeding startup biomedical companies, Medipacs noted. The Tucson, Arizona-based business said it is currently developing its first commercial application— a programmable and disposable infusion pump system for the healthcare industry. More information »