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NDI Medical LLC raises $8 million for venture fund

ndi-news-1(1)A neurostimulation technology company in Highland Hills has started a venture fund meant to finance the creation of new neurological devices.

NDI Medical LLC last week received a $2 million grant from the Ohio Third Frontier program to help it create the NDI Healthcare Fund. Other investors contributed another $6 million, according to an announcement from the company. The fund will invest the money “in both seed-stage neurodevice companies and technologies,” according to a statement from NDI Medical CEO Geoff Thrope.
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