Veran Medical Technologies has relocated from Nashville to St. Louis, following investment in the medical device company by two St. Louis companies, according to a report by Venture Nashville Connections.
Sources told VNC that Veran's efforts to recruit Nashville venture capital had not been fruitful and that investments by St. Louis-based Prolog Ventures and Advantage Capital Partners were conditioned on Veran's relocating. Investment details were not disclosed.
Veran's move is no indictment of Nashville, said President and CEO Jerome Edwards.
"At the end of the day, it's all about people and connections," he said.
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Venture Nashville Connections |
Veran Medical Technologies |
Jerome Edwards |
Medical devices |
Finance and Ventures
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