Sientra’s “Stand-By” Series C Shows How To Eliminate Late-Stage Risk
This article was originally published in Start Up
Executive Summary
Breast-implant start-up Sientra recently raised a $65 million Series C round at a time when venture capital for medtech is scarce, particularly for mid-stage companies pushing toward important milestones. Using a new kind of “stand-by” financing, it was ready to hit the ground running upon the recent FDA approval of its breast implants.
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