AUSTIN, April 29, 2015 – Femasys Inc., a developer of innovative medical devices for the women's healthcare market, announced today that it has raised $10.2 million in a Series B financing. The investor group was led by Salem Partners, a boutique investment bank and wealth management firm based in Los Angeles that specializes in raising growth capital and executing M&A assignments for companies in the media, life sciences and industrial sectors, Legacy Capital Partners, the family office of life sciences industry veteran John Adams, Jr. and Mario Family Partners, the family office of life sciences industry veteran Dr. Ernest Mario. Joining the Company's board of directors is Mr. Adams, former CEO of Adams Respiratory Therapeutics.
Baker Botts represented the investors in the financing.
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