Device maker MAX Endoscopy Inc. and drug developer TheraVasc Inc. each have received $250,000 follow-on investments from JumpStart Ventures, the investment arm of Northeast Ohio venture developer JumpStart Inc. The new commitments follow initial investments of the same amount that JumpStart made in the two companies last winter.

MAX Endoscopy Inc. in Macedonia, Ohio, has received a $250,000 investment commitment from JumpStart Inc., the venture development organization in Cleveland. MAX Endoscopy will use the money to formalize sales and marketing efforts for its fiber-optic technology that is used with endoscopes to treat hemorrhoids.