January 21, 2009

Xconomy

ATV Backs Ardian in $30M Financing

Advanced Technology Ventures, which has offices in Waltham, MA, and Palo Alto, CA, has backed medical devices firm Adrian in a $30 million, third round of financing, PE Hub reported, citing a regulatory filing. Ardian, which is developing a device for treating congestive heart failure, also raised money for the round from Morgenthaler Ventures and St. Paul Venture Capital.