
Friday, April 4, 2008
Report: IlluminOss takes on $11M in round two funding
IlluminOss Medical Inc. has raised $11.02 million in Series B funding, according to published reports.
IlluminOss Medical, which is based in East Providence, R.I., develops medical devices for the treatment of bone fractures.
Investors included New Leaf Ventures, a venture capital firm with operations in New York City and California, and Rowayton, Conn.-based Foundation Medical Partners, according to the website PE Hub.
Last year, IlluminOss Medical reportedly closed on $925,000 of a $2.68 million Series A financing round led by Foundation Medical Partners.
IlluminOss CEO Robert Rabiner previously held CEO roles of Wilmington-based OmniSonics Medical Technologies Inc. and Selva Medical Inc., a medical device company previously located in Belmont, Calif.
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