How Did Calypso Raise $50M?
Word out of Calypso Medical Technologies the past year hasnt been what most people would call positive. The Seattle-based medical device company cut one-fifth of its staff in December. Even in its third year on the market, it was still struggling to get Medicare to pay for its devices that pinpoint radiation in ways that are supposed to help minimize side effects of prostate cancer treatment. So what enabled Calypso to corral $50 million, the Northwests biggest venture capital deal of the year so far? Thats what I asked CEO Eric Meier yesterday afternoon after his company dropped that bombshell. Luke Timmerman Full Story: http://www.xconomy.com/seattle/2009/ … al-of-2009/ No reader comments so far. Be the first to comment by clicking the button below.
