Aethon Raises $14 Million
September 23, 2008
Aethon recently closed on a successful $14 million financing round led by two new investors, Nexus Medical Partners and Radius Ventures and supported by existing VC groups Draper Triangle, Trident Capital, Pacific Venture Group, Salix Ventures and Ascension Health Ventures. This funding supports Aethon's goal of continued business growth, accelerated sales, and intensified research and development efforts on new products and product extensions. The two new investing partners were strategically selected by Aethon. Nexus was chosen for its potential to help Aethon expand into the European market; and Radius Ventures brings a roster of proven healthcare industry executives and experts who can contribute to Aethon's expansion. Over the last 3 years, Aethon's TUG robotic delivery systems have provided supply and equipment delivery solutions for more than 100 hosptials around the country.
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