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NICO Nabs $15 Million Venture Capital Investment

Thursday, February 25, 2016 5:19:00 AM PDT | VentureDeal



Indianapolis, Indiana  --  Medical device technology company NICO Corporation has secured $15 million in new equity investment.

NICO develops medical devices "for the field of core door surgery, including cranial, ENT, spinal and otolaryngology where access to the surgical site is limited."

Investors included the River Cities Capital Funds and other undisclosed investors.

The company said it would use the funding for a variety of business priorities, including geographic expansion beyond North America.

NICO as previously raised in excess of $18 million since 2008.

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