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Advance Medical secures $20mm in Series B financing

Executive Summary

Advance Medical Inc., a US-based company focused on the Latin American device market, raised $20mm in Series B financing. First-time backers Aberdare Ventures and Arboretum Ventures led and were joined by returning shareholders including Venrock and individual investor Jose Bonchristiano. The fundraising was announced the same day the 2011 start-up acquired Brazilian medtech firm Imunotech Sistemas Diagnosticos.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Diagnostic Equipment & Supplies
Deal Status
  • Final
Deal Type
  • Financing
    • Venture Financing

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