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Acutus Medical Closes Series B Funding at $28 Million
Date:8/20/2013

SAN DIEGO, Aug. 20, 2013 /PRNewswire/ -- Acutus Medical, Inc., a medical device company developing a minimally invasive cardiac catheter for the treatment of irregular heart rhythms, announced today that it has completed a $28 million Series B funding. The round was led by new investor OrbiMed Advisors, LLC along with GE Ventures.  Existing investors Index Ventures and Advent Life Sciences also participated in the round. The capital raised will support product development, clinical trials, regulatory approvals and early commercialization.

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Currently, atrial fibrillation (AF) is the most common form of cardiac arrhythmia.  This heart rhythm disorder affects nearly seven million people in the U.S. and Europe and is expected to double by 2050. Acutus Medical aims to fulfill an unmet clinical need in the market by guiding high quality and low-cost treatment of AF and other forms of complex arrhythmias. The company is developing a real-time 3D Cardiac Chamber Imaging and Dipole Density Mapping system intended to identify the origin of irregular heartbeats, allowing doctors to treat the arrhythmia with pinpoint accuracy.

While other cardiac mapping systems may require larger medical teams, longer procedure times and more complicated analysis, Acutus Medical's System is designed to provide efficient, instantaneous and accurate mapping technology offering a more affordable solution for healthcare providers.

Randy Werneth, CEO, Acutus Medical said, "With the support of OrbiMed and GE Ventures alongside Index Ventures and Advent Ventures, we're able to expand product development of the first clinical evidence-based cardiac mapping / imaging solution that identifies the iss
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SOURCE Acutus Medical, Inc.
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