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Medical device company Avinger raises $35M toward $49M target
San Francisco Business Times

Avinger Inc., a Redwood City medical device company developing ways to help doctors see inside arteries in real time, has raised $34.8 million toward a $48.9 million target.

Some 65 investors have bought into the offering, which started selling Sept. 2, the company said in a Securities and Exchange Commission filing Monday.

Avinger, founded in 2007 by cardiologist and medical device entrepreneur Dr. John B. Simpson, raised $22.5 million in a Series C round in 2012.