SCOTTSDALE, AZ - October 6, 2008 - OrthoScan, Inc., a privately held medical device company based in Scottsdale, Arizona announced today that it has closed a $7.5 million Series B financing led by River Cities Capital Funds ("RCCF"). Additional participants include existing investors Aphelion Capital, California Technology Ventures and a group of accredited private individuals. Carter McNabb Managing Director of RCCF has joined OrthoScan's Board in connection with the financing.
"This round of financing will provide us with the recourses necessary to further expand our sales distribution in the US and abroad" said Chief Operating Officer Rob Morocco. "Additionally, we will continue to improve the design and performance of our Mini-C Arm product as well as develop fluoroscopic imaging products which will allow us to expand our customer base."
About OrthoScan, Inc.:
Based in Scottsdale, Arizona, OrthoScan is a privately held medical device company providing state of the art imaging with a focus on Orthopaedics. OrthoScan's Mini C-Arm is used for fluoroscopic extremity imaging in Orthopaedic surgery and digital diagnostic imaging. Our smaller and lighter weight Mini C-Arm provides superior adjustment free image quality to our customers. For more information www.orthoscan.com