Xconomy San Diego

USGI Medical, Inc. Secures $10,000,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4c8c9538-c3e4-460b-892f-972cb709f989&Preview=1
Date
6/30/2008
Company Name
USGI Medical, Inc.
Mailing Address
1140 Calle Cordillera San Clemente, CA 92673
Company Description
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.
Website
http://www.usgimedical.com
Transaction Type
Venture Equity
Transaction Amount
$10,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Adams Street Partners
Venture Investor
InterWest Partners