FDAnews Device Daily Bulletin

RESONANT MEDICAL SECURES LARGEST MEDICAL DEVICE VENTURE CAPITAL FINANCING IN CANADA

Dec. 16, 2005
A A

Resonant Medical Inc., the technology leader in 3D ultrasound image-guided adaptive radiotherapy, announced today a $24 million Series B financing. The round was led by Ventures West and rxisting investor MDS Capital. Also participating were current investors BDC Venture Capital, Desjardins Venture Capital, MSBi Capital along with MMV Financial. This represents the largest venture capital investment raised by a private Canadian medical device company this year and the third largest in Canadian History.

CNW Group (http://www.newswire.ca/en/releases/archive/December2005/15/c0898.html)