Thursday, October 9, 2008

OrthoScan Raises $7.5M

Scottsdale, Arizona-based OrthoScan, a medical device company, said Wednesday that it has closed on $7.5M in Series B financing. The round was led by River Cities Capital Funds and also icnluded prior investors Aphelion Capital, California Technology Ventures, and unnamed individuals. OrthoScan develops a device used for imaging of extremeties in orthopedic surgery. According to OrthoScan, it will use the financing to expand sales distribution, as well as for improviding design and performance of its products. Carter McNabb of River Cities Capital Funds joins the company's board as part of the funding. More information »