WaveTec Vision Closes $16.5M Financing Round

WaveTec Vision, a Aliso Viejo, CA-based company that introduced a diagnostic device for cataract surgery, has closed a $16.5 m round of financing.

The round was led by new investor Burrill & Company, with participation from existing investors Versant Ventures, Accuitive Medical Ventures, De Novo Ventures and Gund Investment Corporation.

The company intends to use the new capital to further expand its commercial efforts as well as continue product refinement.

Led by President and CEO Tom Frinzi, WaveTec is commercializing the The ORA System, which utilizes Optiwaveâ„¢ technology with a new light source and optics designed to take intraoperative wavefront aberrometry to a higher level of performance, enabling surgeons to optimize the result for their cataract patients.

FinSMEs

10/04/2012

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