Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

*By submitting your name & email you agree to receive for FREE our scholarships & offers Newsletters. You agree also with the storage and handling of your data by this website and 3rd party email services.
You may unsubscribe if you wish. And you can delete your email and name at any time by emailing us to the email on the bottom of this page.

Follow us on

Visit the Business Grant Funding.Net site

Business Grant Funding.Net
 
  • Softscope Medical Technologies Secures Series A Venture Capital Financing

    December 14th, 2006 No comments

    Softscope Medical Technologies, Inc., an early stage medical device company developing an innovative technology designed to significantly improve endoscopic procedures, announced recently that it has completed a $4 Million Series A round of private financing. Thomas, McNerney & Partners and Accuitive Medical Ventures led the financing.

    Proceeds of the financing will be used to complete the product design, add key personnel and to obtain FDA clearance for the company’s initial device. The company’s first product is aimed at improving colonoscopy, a procedure that is performed over 15 million times in the United States each year. Softscope’s technology is designed to aid physicians by reducing procedure times and to make colonoscopies more comfortable for patients.

    “We believe that Softscope’s technology has the potential to advance the field of endoscopy” stated Troy Ziegler, President and Founder of Softscope. “We are excited to move forward on the development of this unique technology.”

    As a result of the financing, two new members have joined Softscope’s board of directors: Kathy Tune from Thomas McNerney & Partners and John Deedrick from Accuitive Medical Ventures.

    “We are pleased to be backing Softscope’s talented management team and look forward to helping the Company prepare for their first FDA clearance,” noted Kathy Tune. “We see a great opportunity in a technology that can positively change the way in which gastroenterology procedures are performed in the future.”

    “Our investment in Softscope represents an exciting opportunity to build a new company focused on the high growth market for gastroenterology based products,” added John Deedrick. “We look forward to working closely with the company in an effort to maximize the potential for its current and future products.”

    Softscope Medical Technologies, Inc., founded in 2003, is a privately owned, pre-clinical stage medical device company headquartered in St. Louis Park , MN . Softscope is focused on developing an innovative medical technology designed to significantly improve the performance of endoscopic equipment. The company’s products are not currently offered for sale in any country.

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 250,578 bad guys.

 

Latest Headlines:

Friday August 31, 2012
Zscaler Secures $38 Million Investment Round


Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.


Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects


Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding


Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies


Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains


Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster


Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility


 

By using this website you agree with our cookie policy