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Medtech secures $5.99 million funding
Jan 24, 2013 (Datamonitor Financial Deals Tracker via COMTEX) --
Medtech S.A.S., a France-based provider of robotic surgical assistance solutions, has secured EUR4.5 million in funding round. As part of the transaction, Midi Capital, a private equity firm, has made an investment of EUR1.5 million in Medtech.
Medtech expects to generate revenue of EUR3 million in 2013.
Deal Value (US$ 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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