deals, VC, medical

Nexus Leads Aethon Investment

Wade Roush 9/19/08

Nexus Medical Partners of Quincy, MA, is the lead investor in a $14 million financing round for Pittsburgh-based Aethon, a maker of RFID systems for tracking hospital equipment, the startup said yesterday. New York, NY-based Radius Ventures co-led the round, which was also joined by existing investors Trident Capital, Pacific Venture Group, Salix Ventures, Draper Triangle Ventures and Ascension Health Ventures.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.