Estech gets $11.2mm in Series B-1 money
Executive Summary
Estech (cardiovascular device maker also known as Endoscopic Technologies) has raised $11.2mm through the first closing of its Series B-1 venture round to returning backers Boston Scientific (which holds the option under a 2004 agreement to acquire the company), Telegraph Hill Partners, and new investor Saints Capital. The company is hoping to bring in up to $25mm. Through a separate transaction, in a plan to divest non strategic assets, BSC has sold its equity stake in Estech to investor Saints Capital.
Deal Industry
- Medical Devices
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Medical Devices
- Implantable Devices
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Surgical Equipment & Devices
- Minimally or Less Invasive
Deal Status
- Final
Deal Type
-
Financing
- Venture Financing
Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
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