Tibion Bionic Technologies Receives $10,175,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=812026ff-e21c-4f37-aff0-b1b734959331&Preview=1 -
Date
3/2/2011 -
Company Name
Tibion Bionic Technologies -
Mailing Address
NASA Research ParkMS 19-46NBldg. 19 Moffett Field, CA 94035 -
Company Description
Tibion develops bionic devices for those with loss of muscle function due to disease, injury, aging,
or surgery. -
Website
http://www.tibion.com -
Transaction Type
Venture Equity -
Transaction Amount
$10,175,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The new funding will enable us to accelerate roll-out of the new interchangeable battery version of our wearable gait-rehabilitation robot, and to expand our sales and marketing programs. -
M&A Terms
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Venture Investor
Three Arch Partners -
Venture Investor
Hambrecht & Quist Capital Management
