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OrthAlign Closes Series A Venture Capital Financing

Thursday, January 08, 2009 5:38:00 AM PDT | VentureDeal Staff

Laguna Beach, California  --  Medical device company OrthAlign announced that it has secured $7.2 million in its first round of institutional venture capital financing.

OrthAlign is developing computer-assisted surgical devices that it hopes will "create a new standard of care in total joint replacement."

The round was co-led by Research Corporation Technologies and Okapi Venture Capital, and included additional investors and company management. The company said that the funding proceeds would allow it to finish developing its first line of products and bring them to market.

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