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California Device Startup, Minerva Surgical Raises $20 Million


1/4/2013 8:32:10 AM

California device startup and women’s health firmMinerva Surgical has recently raised $20 million, according to a regulatory filing. The Cupertino-based company has developed an endometrial ablation system utilizing RF Argon Plasma Energy contained in a balloon to treatheavy menstrual bleeding. Based on a search of the U.S. Securities and Exchange Commission’s Edgar database, the company has been steadily raising money since 2008 and has raised more than $55 million. David M. Clapper, a 16-year veteran of Johnson & Johnson, is Minerva Surgical’s CEO.

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