Garwood Medical Devices is closing in on a $3.6 million Series A round from private investors in Buffalo's business and medical communities.
The downtown Buffalo biomedical company has already closed on $2 million of that round and is currently finalizing another $1 million. CEO Wayne Bacon said he doesn't expect a problem having a fully subscribed round by September.
It is one of two local companies selected to present at the prestigious University Startups Demo Day in Washington, D.C., in September. Zoetic Pharmaceuticals, founded by John Seman and Sven Beushausen, is the other company.