Apama Medical closed $13 million in a Series C financing from existing investors Ascension Ventures, Medvance Incubator Partners, ONSET Ventures, Incept and various angel investors, along with up to $6.5 million in a debt facility with Silicon Valley Bank.

“We are pleased to receive such strong support from our existing investors, which we attribute to the tremendous progress of the company, including the initiation of our AF-FICIENT FIH clinical study earlier this year,” shared Amr Salahieh, president and CEO of Apama Medical.

Campbell, CA-based Apama Medical is a privately held medical device company formed by Shifamed, a Silicon Valley-based medical device incubator. Apama has developed a proprietary solution for the AF catheter ablation market, which is the fastest growing electrophysiology market segment.