Deal Announcements

Alter-G Accepts $8 Million Venture Capital Funding

Wednesday, January 14, 2009 5:38:00 AM PDT | VentureDeal Staff

Menlo Park, California  --  Physical therapy device company Alter-G announced that it has secured $8 million in its second round of institutional venture capital financing.

Alter-G has developed what it calls impact reducing products that allows users to reduce their effective physical weight to achieve rehabilitation goals.

Versant Ventures led the round. The company said that it would use the funding proceeds to expand its sales, increase its research and add to product development capabilities.

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