Medrobotics Closes on $10M Debt Financing From Hercules
March 25, 2013
Medrobotics Corporation, a developer of medical robotics, has closed on an estimated $10 million debt financing from Hercules Technology III, an affiliate of Hercules Technology Growth Capital. Headquartered in Raynham, MA, Medrobotics is developing and commercializing the Flex Robotic System, a robotic-assist platform that enables surgeons to gain single-site access and visualization to difficult-to-access anatomical locations. The financing precedes the company’s anticipated commercial launches in Europe and the U.S.