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TMCNet:  Medtech secures $5.99 million funding

[January 24, 2013]

Medtech secures $5.99 million funding

Jan 24, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Medtech S.A.S., a France-based provider of robotic surgical assistance solutions, has secured EUR4.5 million in funding round. As part of the transaction, Midi Capital, a private equity firm, has made an investment of EUR1.5 million in Medtech.
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Medtech expects to generate revenue of EUR3 million in 2013.

Deal Value (US$ Million) 5.99 Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2013-01-23 Deal Participants Target (Company) Medtech S.A.S Deal Rationale Medtech intends to use the funding to continue its commercial implementation, to strengthen its presence and to penetrate into new markets.

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