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Alter-G Lands Venture Capital Debt

Monday, August 3, 2015 5:15:00 AM PDT | VentureDeal
   Fremont, California  --  Electronics technology company Alter-G has secured $15 million in new venture capital debt investment.

Alter-G has designed a body weight reduction system that helps in a variety of applications, including medical therapy.

Oxford Finance and Silicon Valley Bank made the loan.

The company said it will use the funds to "accelerate new product development, and increase marketing support for customers."

Alter-G is backed by a syndicate of institutional venture capital and Angel investors.

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