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JANUARY 27, 2010
OrthAlign Raises $5.2M in Series A
Follow-On Financing
Irvine, CA - January 27, 2010 -
OrthAlign, Inc., a privately held medical device company
in Irvine, CA, concluded its Series A financing round
with a $5.2 million Series A2 tranche led by California
Technology Ventures. Additional participants included
Research Corporation Technologies and Okapi Venture
Capital.
"This round of financing provides us
with the capital to launch our first product, the
KneeAlign™ system, in 2010, and to continue developing
other products in our pipeline," said Pieter Wolters,
OrthAlign's President and CEO.
About OrthAlign, Inc.:
OrthAlign has developed disposable
palm-sized, computer-assisted surgical devices for use
in total jointreplacement. The company received
regulatory clearance for clinical use of its first
generation KneeAlign™ product in the United States in
September 2009.
About California Technology Ventures,
LLC.:
California Technology Ventures in
Pasadena, CA, is a venture capital fund that makes
direct investments in technology and life science
companies. CTV has built a strong reputation for its
entrepreneurial approach to investing and working with
companies. For more information, visit
www.ctventures.com.
About Research Corporation
Technologies, Inc.:
Research Corporation Technologies in
Tucson, AZ., is a technology investment and management
company that provides early-stage funding and
development for promising biomedical companies and
technologies. RCT focuses on technology investments with
origins from universities and research institutions
worldwide. For more information, visit
www.rctech.com.
About Okapi Venture Capital, LLC:
Founded in 2006, Okapi Venture Capital
is a seed and early stage venture capital fund
headquartered in Laguna Beach, CA. Okapi, with
approximately $30 million dollars under management in
its current fund, Okapi Ventures I, is focused on seed
and early stage life sciences and information technology
opportunities in Southern California. For more
information, visit
www.okapivc.com.
For more information, visit
www.orthalign.com.
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