Deal Announcements

Rubicor Medical Raises $10 Million Venture Debt Round

Tuesday, August 28, 2007 5:00:00 AM PDT | VentureDeal Staff

REDWOOD CITY, CA -- Medical device maker Rubicor Medical, Inc. said that it has committed to a venture debt funding in the amount of $10 million, from a syndicate of venture lenders.

Rubicor has created an advanced biopsy device, the EnCapsule Breast Biopsy Device, that allows for excising and capturing a 2.5 cm diameter tissue sample, and is compatible with either ultrasound or sterotactic image guidance.

The venture lenders involved were Comerica Bank - Technology & Life Sciences and Oxford Finance Corporation.

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