Allotrope Medical, Inc., a Houston-based medical device company, raised a funding round of undisclosed amount.
The round was led by Houston Health Ventures (HHV) with syndication support from the Houston Angel Network. In conjunction with the funding, David Franklin, Managing Director of HHV, will join the Board of Directors alongside Donald Gonzales MD, Founder/CMO, Spirox Inc. and Mira Sahney, former SVP and GM of Gynecology and ENT Divisions, Smith & Nephew.
Led by Albert Huang MD, Founder and CEO, Allotrope Medical is advancing an innovative surgical device used to identify ureters and decrease the rate of injury during surgery.
The company is now using the funds to continue to develop the device, which is expected to be commercially available in late 2018.