Riverwoods Medical Center

Denali Medical II, founded in 2006, and supported by New Enterprise Associates, is a medical device incubator in the Health Care industry. The company is on a mission to discover and develop groundbreaking therapies while building independent, fundable ventures. Denali Medical II collaborates with various professionals such as clinicians, scientists, inventors, industry experts, and entrepreneurs to address unmet or underserved clinical needs in the medical device field. The team, led by Tom Hektner, has a strong track record in the medical device industry and successful business creation. Notably, Hektner has previously established two successful incubators using this model, making Denali Medical II his third endeavor. The last investment in Denali Medical II was a $4.00M Venture Round investment on 15 April 2010, although the specific investors for this round are not disclosed. The company's approach to developing innovative therapies that can evolve into independent businesses shows promise for future growth and potential returns for venture capital firms.