Tech Company Financing Transactions
USGI Medical Funding Round
Private investors invested in a $19.5 million funding round for USGI Medical. The round was announced on 1/27/2015.
Transaction Overview
Company Name
Announced On
1/27/2015
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$19,500,000
Round
Undisclosed
Investors
Proceeds Purpose
This funding provides USGI with the capital resources to extend the commercial launch of POSE (Primary Obesity Surgery, Endolumenal) in Europe and the Middle East and begin pre-commercialization activities for the procedure in the U.S., as the company completes the follow-up phase of its U.S. pivotal study known as ESSENTIAL, and prepares to submit an application to FDA for approval. This money will also fund the crossover study as part of the ESSENTIAL trial, health economics research and several important studies in Europe.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
1140 Calle Cordillera
San Clemente, CA 92673
USA
San Clemente, CA 92673
USA
Phone
Website
Email Address
Overview
USGI Medical is the pioneer in the development of Incisionless EndoSurgery technology. Our EndoSurgical Operating System will allow complex surgical procedures to be performed using only the natural passageways of the GI tract for access.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Scott Moonly
Chief Executive Officer
Carlos Babini
Chief Operating Officer
Tracy Maahs
VP - Engineering
Chris Earley
VP - Marketing
Kevin Condrin
VP - Sales
Chris Klecher
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Where The Data Comes From
We do our best to record all VC transactions involving tech companies. VC transactions reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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