# Averto Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/averto-medical

- Industry: Medical Devices & Equipment
- Headquarters: Fremont, US
- Website: www.savagemed.com
- Total disclosed funding: $31M
- Latest round: Series A (May 7, 2024)
- Investors on record: 4

## About

Based in California, US, and founded in 2016, Savage Medical, Inc. operates as a medical equipment firm that offers medical devices for treating patients with gastrointestinal diseases. The company was founded by its CEO, Kenton Fong. In November 2023, Savage Medical, Inc. raised over USD 3 million in venture funding from Alwaysraise, Life Science Angels, Inc., and Synergy Ventures.

Savage Medical develops and offers MedTech solutions for gastrointestinal diseases. The company’s product line includes the ColoSeal SystemTM, a tumor removal device that is used in the treatment of colorectal tumors.

The company plans to use the funds raised in November 2023 to advance the ongoing clinical trial of its ColoSeal System.

## Funding rounds

- Series A, May 7, 2024, $31M — CVF Capital Partners, Cormorant Asset Management, LifeSci Partners, Venrock Healthcare Capital Partners

## Investors

- CVF Capital Partners — Series A
- Cormorant Asset Management (https://capitalatlas.ai/funds/cormorant-asset-management) — Series A
- LifeSci Partners (https://capitalatlas.ai/funds/lifesci-partners) — Series A
- Venrock Healthcare Capital Partners (https://capitalatlas.ai/funds/venrock-healthcare-capital-partners) — Series A