|Salt Creek Fund I Finances Five Series-A Medical Device Start-Up Companies
To minimize time-loss when performing round-by-round fund raising for five to six separate companies, Salt Creek Medical and its investors developed the Salt Creek Fund I. Among others, the investors in Salt Creek Fund I include Shea Ventures and Johnson & Johnson Development Corporation. Since the first closing in December of 2007, Salt Creek Fund I has financed five Series-A medical device start-ups:
Mariposa Biotechnology, Inc.
(established in 2008) has developed a proprietary laboratory instrument that automates time-sensitive, labor-intensive steps in an IVF Laboratory. Our instruments prepare embryos and eggs for freezing and thawing. Sensory Medical, Inc.
(established in 2008) has developed medical devices for the non-drug treatment of Restless Legs Syndrome (RLS). Prevalence studies estimate that 5-10% of the population suffers from RLS, a condition that causes significant discomfort and adversely affects the quality of life of patients by interrupting sleep. Nasolex, Inc.
(established in 2009) is creating an alternative to continuous positive airway pressure (CPAP) therapy for the treatment of obstructive sleep apnea (OSA).Reset Medical, Inc.
(established in 2012) is developing a simple surgical tool (similar to a suture applier) for transvaginal uterine artery ligation.ECD Medical, Inc.
(established in 2012) is developing a new arterial closure device for the large arterial punctures encountered in transvascular procedures such as abdominal aortic aneurysm repair and heart valve replacements.