On January 13, 2025, Aerin Medical Inc. closed the transaction. The company has raised $32,499,999 in this transaction. The transaction was co-led by returning investors, KCK Group, Questa Capital Management LLC, OrbiMed Advisors LLC, Ally Bridge Group with participation from new investor, Ares Management Credit Fund, a fund managed by Ares Management Corporation.
The company has received $22,810 in its second and final tranche.