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. SuperDimension develops catheter-based diagnostic products for use in combating disease, lung cancer in particular. The capital will be invested in improving SuperDimension’s commercial infrastructure and expanding its sales and marketing teams.
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Covidien adds greater depth to SuperDimension
Sep 13, 2011 • Robert Lavine
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