Global private equity and venture capital news and research

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.

Copyright © 2013 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016