US and Israel-based medical device company SuperDimension yesterday closed its series B round with $11m of investment from US-based healthcare provider Covidien Ventures, and undisclosed existing investors.
SuperDimension’s last round of funding raised $9.8m, in July 2010, from backers including investment firm OrbiMed Advisors, and venture capital firms Oxford Biosciences Partners, Pitango Venture Capital and Medica Venture Partners.
Alongside the equity funding, SuperDimension also gained a $15m credit facility from the Oxford Finance Corporation in September 2010.
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