MicroCHIPS Raises $16.5 Million

MicroCHIPS Inc., a Bedford, Mass.-based provider of implant systems focused on diabetes and osteoporosis, has raised $16.5 million in seventh-round funding. InterWest Partners was joined by return backers Polaris Venture Partners, Novartis Venture Fund, Flybridge Capital Partners, Medtronic, Saints Capital, Intersouth Partners, Care Capital and CSK Venture Capital. The company previously raised around $70 million.

North AmericaUSBriefs