Bluegrass Vascular Closes $5M in Convertible Debt Financing
Bluegrass Vascular Technologies has closed $5 million in convertible debt financing for its innovation, the Surfacer Inside-Out Access Catheter System. Convertible debt notes enable a startup without a valuation to raise capital quickly and less expensively than equity as an alternative to a conventional bank loan.Funding will go toward the commercial expansion of Bluegrass Vascular’s Surfacer System, the first FDA-cleared medical device that facilitates access to obstructed central veins in a patient's upper body.The Surfacer System helps facilitate catheter insertion into the central venous system for patients with upper body venous obstructions or other conditions that prevent central venous access using conventional methods. Bluegrass' innovation meets an unmet cl...
