SurgiQuest Closes $18.5M Equity and Debt Financing
SurgiQuest, Inc., a Milford, Conn.-based company that develops, manufactures and markets innovative access technologies for minimally invasive surgery, has closed a combined $18.5m equity and debt financing.
The financing, closed at the end of September 2012, includes a $7.5m round of Series D equity from all of existing investors as well as an $11.0m credit facility from Ares Capital Corporation.
The company intends to use the capital to expand organizational capabilities to increase global adoption for the AirSeal System, which provides access to the abdominal cavity during minimally invasive surgery (MIS).
SurgiQuest was founded in May 2006 by Mr. Kurt Azarbarzin, CEO.