Biotech, Devices, VC

OrthAlign Raises $7.2M

Luke Timmerman 1/7/09

OrthAlign, a medical device company in Laguna Beach, CA, said today it has raised $7.2 million in a Series A financing. The round was led by Research Corporation Technologies and Okapi Venture Capital, and included some of the company’s seed investors, Ronald Yagoda, Ned Scheetz, and CEO Pieter Wolters. The company is developing computer-assisted surgical devices for knee replacement surgery.

Luke Timmerman is the National Biotechnology Editor for Xconomy. You can e-mail him at ltimmerman@xconomy.com, call 206-624-2374, or follow him on Twitter at http://twitter.com/ldtimmerman.