Hatteras Venture Partners is a venture capital firm based in Durham, N.C., with a focus on seed and early stage opportunities across the health care continuum from transformative therapies to disruptive technologies

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Image: 410 Medical Secures $8m in Series A Financing. Photo: Courtesy of . Photo: Courtesy of .

410 Medical, Inc., a medical device company developing innovative technologies for critical care, announced today it has closed on a Series A financing of $8 million led by Hatteras Venture Partners, with participation from OSF Healthcare and existing investors including Sovereign’s Capital. 410’s lead product, LifeFlow®, is designed to enable clinicians to more effectively and efficiently deliver fluids to critically ill patients.

“LifeFlow has been designed to deliver fluids up to 10 times faster than traditional methods, which can be particularly impactful for patients suffering from sepsis, shock and trauma, who are at higher risk of organ failure and death,” said Kyle Chenet, Chief Executive Officer at 410 Medical. “This new funding will be instrumental in expanding commercialization of LifeFlow in hospital and pre-hospital environments nationwide, ensuring that more patients receive time-sensitive fluid resuscitation.”

Severe sepsis affects over 1 million adults and children each year in the US. It is the most frequent cause of death in hospitalized patients and the leading killer of children worldwide. Early, rapid delivery of fluid is a life-saving therapy, yet with existing methods providers often fail to achieve published fluid delivery guidelines.  Since FDA clearance in 2016, LifeFlow has seen increasing adoption at leading healthcare systems throughout the U.S., including Cincinnati Children’s Hospital Medical Center, Children’s Hospital Colorado, and WakeMed Health & Hospitals.

“We are thrilled to support the vision of 410 Medical’s founders, to ensure LifeFlow can be in the hands of any clinician needing to provide rapid fluids for a critically ill patient,” said Jeff Terrell, Partner at Hatteras. Mr. Terrell will be joining the 410 Medical Board of Directors along with Stan Lynall, Vice President of Venture Investments at OSF Ventures. OSF Ventures is the venture capital arm of OSF HealthCare, an Illinois-based health system with 124 locations and 13 hospitals.

Source: Company Press Release