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New Enterprise Associates invested more money into Silicon Valley-based Nevro Corp., a medical device company that focusses on improving pain relief in patients suffering from chronic pain.
Nevro raised $48 million in this financing round, which was led by new investor Novo Venture and included Covidien Ventures. Existing investors participating in this round included Accuitive Medical Ventures, Bay City Capital, Johnson & Johnson Development Corporation, Mayo Clinic, MPM Capital and Three Arch Partners.