BioCentury
ARTICLE | Financial News

Point Biomedical raises $25 million

February 8, 2008 2:41 AM UTC

Imaging company Point Biomedical (San Carlos, Calif.) raised $25 million in the first tranche of a private round led by Vedanta Capital. A second tranche of $25 million is expected to close next quarter. Additional investors included Amberbrook; CHL Medical Partners; De Novo Ventures; Fininvest; Institutional Venture Partners; Invesco; New Leaf Venture; Saints Capital; Saratoga Ventures; and William Blair Capital Partners. Vedanta's Parag Saxena and Larry Posner will join the company's board. ...