Medical device start-up superDimension has raised $24.8 million, to reach a total of over $100 million raised since its establishment 15 years ago. According to IVC, the company has raised $109.4 million, including the current round.
The company has developed minimally-invasive devices that enable the diagnosis and potentially the treatment of distal lung disease.
A majority of the current funding, $15 million, is from a credit line from Oxford Finance, a US financial institution that specializes in life sciences funding.
The company also raised $9.8 million from existing investors, which include Medica , Oxford Bioscience Parters, OrbiMed Advisors LLC, and Pitango Venture Capital.
superDimension's technology was originally developed for the toy industry - navigation for toy planes - but subsequently the firm decided to focus on the medical device market.
Published by Globes [online], Israel business news - www.globes-online.com - on September 12, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010
You comment was recieved and soon will be published.
Thank you for posting your comment, which will be reviewed for publication.
Load more comments