Enable Injections shatters region’s previous fundraising record with $215M Series C

It’s another round for the record books. Enable Injections, an Evendale-headquartered medical device maker, today announced a $215 million Series C — again setting the pace for the highest fundraising round for a startup in the Greater Cincinnati region in a five-month span.

Enable, which is developing and manufacturing an investigational wearable drug delivery system called enFuse, said the growth capital injection will help it scale its development and commercialization efforts.

The round was led by Magnetar Capital, an Illinois-based hedge fund, along with new institutional investors GCM Grosvenor, Squarepoint Capital, Woody Creek Capital Partners and others.

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Story excerpt provided by Cincy Inno.

Written by Liz Engel.

Originally published January 27, 2022.