Minnesota’s Denali Medical raises $2 million

PLYMOUTH, Minnesota — Biotech Denali Medical has raised $2 million, according to a filing with the Securities and Exchange Commission.

The 3-year-old business was started by Thomas Hektner. Hektner is the co-founder of StarFire Medical, a manufacturer of implantable devices for neurovascular disease that was acquired 18 months ago by Nfocus Medical. Among Hektner’s recent patents is one for a surgical instrument that works in the spaces between spinal vertebrae.

However, not much is publicly available about Denali’s current technology and research.

Denali’s board members include Michael DeMane, the former chief operating officer at Medtronic who in April joined the venture firm Thomas, McNerney & Partners as a senior advisor. The company previously raised $3 million in 2007, according to the SEC. Previous investors include New Enterprise Associates.

[Photo courtesy of Flickr user AMagill]