Syncardia Raises $19 Million

Tucson-based artificial heart maker SynCardia Systems Inc., a Desert Angels portfolio company, has raised $19 million in new, long-term growth capital from investors including a major health-care investment fund. The investment round includes a $15 million, structured financing arrangement with New York-based Athyrium Opportunities Fund, as well as a $4 million follow-on equity investment from existing shareholders.

Read more: Tucson-based SynCardia lands $19M investment