OrthAlign Raises $7.2M

Luke Timmerman1/7/09

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 Biotech Editor of Xconomy, and the Editor of Xconomy Seattle. E-mail him at ltimmerman@xconomy.com or follow him on Twitter at twitter.com/ldtimmerman.