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Avedro Adds Venture Capital Debt

Thursday, November 20, 2014 5:33:00 AM PDT | VentureDeal
   Waltham, Massachusetts  --  Medical device technology company Avedro has raised $6.5 million in new venture capital debt investment, according to an SEC regulatory filing.

Avedro has developed a non-invasive procedure to correct myopia and treat keratoconus, without cutting a flap in the cornea or removing any corneal tissue.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

Avedro is still seeking $6.5 million in additional debt financing, according to the filing.

The company is backed by a large syndicate of venture capital and private equity investors.

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