Tech Coast Angels reports profitable Atraverse Medical exit after Johnson & Johnson acquisition, citing 70%+ IRR
JNJ•Tech Coast Angels reported a profitable exit from Atraverse Medical following its acquisition by Johnson & Johnson. The exit delivered over a 70% IRR in under three years.
1. Exit returns
Tech Coast Angels said its exit from Atraverse Medical followed the company’s acquisition by Johnson & Johnson and delivered over a 70% IRR in under three years. Atraverse develops an RF guidewire used to access the left heart chamber during minimally invasive procedures.
