Vestagen Technical Textiles raises $7.3 mln funding round extension

Vestagen Technical Textiles, develops and markets advanced performance textile products, has raised an additional $7.3 million in an extension of its recent financing round. Existing investor Advent Life Sciences was joined in the extension by new investors Sofinnova HealthQuest Capital and the Clearwell Group. The extension brings the total raised by Vestagen in this financing round to $15.5 million. In connection with the funding extension, Randy Scott, partner at Sofinnova HealthQuest Capital, is joining the Vestagen board of directors.

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