Laparoscopy developer Virtual Ports Ltd. has raised $2.6 million from Israeli fund Skywalker Ventures and Virginia Life Science Investments (VSLI), as well as private US and Israeli investors. The round does not include $260,000 from the Office of the Chief Scientist.
According to IVC Online, Virtual Ports has raised $6 million since it was founded, including the current round.
Virtual Ports launched marketing of its first product, the EndoGrab, a few weeks ago, after obtaining EU CE Mark and US Food and Drug Administration (FDA) certification. FDA approval was given in April 2007, only a year after the company was founded. Virtual Ports CEO Udi Gordin, medical advisor Dr. Adrian Paz, and director Dr. Evan (Chaim) Goldman founded the company.
VSLI managing partner Paul Rocheleau said, "It was an easy decision to provide financial support as the company scales-up operations for their initial product launch in the US. We are encouraged by the clear interest demonstrated by key physicians groups in the US."
Published by Globes [online], Israel business news - www.globes-online.com - on September 15, 2009
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