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. Click here for more information about OrthAlign, Inc.
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. Click here for more information about California Technology Ventures, LLC.
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. Click here for more information about Research Corporation Technologies, Inc.
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. Click here for more information about Okapi Venture Capital, LLC.
