i-Optics, a The Hague, The Netherlands-based company focusing on the development and marketing of highly innovative retina and cornea imaging systems, has closed a €4.2m 3rd financing round.
Investors include Aescap Venture, De Hoge Dennen and new CEO Jeroen Cammeraat.
The new capital will allow the company to launch its first product, the EasyScan retinal imaging system, in key European markets in early 2010 and prepare for further International expansion into the US and emerging markets in the second half of next year.
The EasyScan product is designed for screening and early diagnosis of Diabetic Retinopathy (DR) and other eye diseases such as AMD and Glaucoma.
In conjunction with the funding, Mr Pieter van der Meijden, member of the management team of De Hoge Dennen, will join the company’s Supervisory Board, consisting of Patrick Krol and Stephane Sallmard who as CEO listed in 2006 the retinal imaging company OPTOS at the London Stock Exchange.
Founded in 2003, i-Optics has a broad pipeline of eye diagnostic products including the Cassini, a corneal topographer based on the principle of color coded topography, which allows for superior diagnosis for contact lens fitting, corneal transplant and LASIK surgery.
It also will be launched in 2011.