Zenflow, Inc., a medical device company developing a minimally invasive treatment for urinary obstruction caused by enlarged prostate, or benign prostatic hyperplasia (BPH), today announced that it has closed a $24 million Series B financing round. The funding was led by Invus Opportunities and included participation from F-Prime Capital, Medical Technology Venture Partners, Golden Seeds, Astia Angels, CloudStone Capital, SV Tech Ventures, and others.
Funds will be used to support the company’s pivotal clinical trial and ultimately lead to FDA clearance of its Spring® System, a minimally invasive treatment option for patients who suffer debilitating symptoms due to enlarged prostate. The innovative Spring technology was designed with the patient experience in mind and relies on a small spring-like coil to gently prop open the urethra, restoring its normal function while preserving the natural anatomy. Over 40 million patients suffer from BPH in the U.S. alone.
“The Zenflow Spring clinical trial data thus far demonstrates promising outcomes with respect to patient symptom relief, urinary flow rates, and preservation of sexual function,” said Dr. Claus Roehrborn, Professor and Chair, Department of Urology UT Southwestern Medical Center in Dallas, Texas. “Once proven further through its upcoming randomized clinical trial, the Zenflow Spring System is poised to become an appealing option for urologists seeking minimally-invasive solutions for lower urinary tract symptoms and BPH.”