Thursday, July 30, 2015

PECA Labs Completes $2.8 Million Series A Financing Round

Led by BlueTree Allied Angels, CMU startup PECA Labs completed a $2.8 million Series A investment round. Founded by CMU alumni Doug Bernstein, Jamie Quinterno and Arush Kalra, PECA is the developer of the MASA Valve, a device used for a rare pediatric cardiac reconstructive procedure. "PECA was created to be more than a company. It also accomplishes a social mission while bringing strong profit to investors," says Quinterno. Read more (doc).