invendo medical, a New York, U.S.A. and Kissing (near Munich), Germany-based manufacturer and distributor of a single-use and computer-assisted colonoscopy system, closed a €20.3m (approximately $28m) financing round.
The round was led by new investor Xeraya Capital Sdn Bhd, which invested via an affiliated company, with participation from a German Family Office and existing investors TVM Capital, Wellington Partner, 360° Capital and the founders.
The company intends to use the funds to start its industrialization efforts for the invendoscopy™ system and build a marketing and service infrastructure in the U.S., as well as to support ongoing development projects.
Led by Berthold Hackl, CEO, invendo is developing the invendoscope™ SC20, a market-cleared single-use colonoscope which uses a computer-assisted gentle drive technology and a handheld device that applies less force on the colon wall and allows intra-procedural interventions through a working channel.
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FinSMEs
20/03/2014