Intrance Medical Systems Raises $8 Million to Support Development of its Innovative Therapy for Advanced Parkinson’s Disease
Prominent Sweden-based investor Erik Selin commits anchor investmentStockholm, Sweden and New York, NY, September 20, 2021-- Intrance Medical Systems Inc., a subsidiary of Sweden-based Intrance Holdings AB, today announced the company has secured USD $8 million from prominent Swedish real estate investor Erik Selin through his private company, Erik Selin Fastigheter AB. Mr. Selin has agreed to become the anchor investor as part of a Series A financing round of USD $15 million, becoming the largest shareholder next to the founders. Funding will be used to initiate the U.S. clinical