AlterG Closes $15M Credit Facility

AlterG, Inc., a Fremont, CA-based medical device and wellness company, closed a $15m credit facility.

Oxford Finance LLC and Silicon Valley Bank provided the facility, which included a $13.5m senior secured term loan and a $1.5m line of credit.

The company intends to use the funds to accelerate new product development, and increase marketing support for customers.

Led by Steve Basta, chief executive officer, AlterG offers the Anti-Gravity Treadmills®, which provides injured, overweight, elderly or impaired users the ability to walk or run safely and pain free, and the Bionic Leg™, a robotic assistive device designed for patients with neurological and orthopedic gait disorders.



Join the discussion