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Medrobotics secures $10m debt financing from Hercules

25 Mar 2013

california2_sqHercules Technology Growth Capital has provided $10m in debt financing to US-based medical robotics company Medrobotics ahead of planned product launches in Europe and the US.

Medrobotics is focused on developing the Flex Robotic System, which assists surgeons by providing single-site access and visualization to difficult-to-access anatomical locations.

The funding was provides through Palo Alto-headquartered Hercules’ Technology III fund.

Hercules specialises in providing senior secured loans to venture capital-backed companies in the tech, biotech, life science and cleantech sectors.

Since its launch in 2003 the firm has invested more than $3.4bn into more than 220 companies.

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