On the topic of funding for startups, here are articles that I found about a start up that managed to raise a considerable amount of money.

ElastiMed, an Israeli start up, specializes in creating devices that leg circulation. These devices are used to treat venous and lymphatic diseases. Recently it was announced that the company won a $1.6M grant from the EU. The company also managed to raise $1M through investors! These funds will be used for further research.