Sophono Garners $7,000,000 Series B Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4fed1826-3601-4c82-bcd1-02747918e88f&Preview=1
Date
8/28/2012
Company Name
Sophono
Mailing Address
3022 Sterling Cir Boulder, CO 80301
Company Description
Sophono Inc. was launched in October 2009, following five years of research and with a vision and dedication to improving the bone anchored hearing device experience. The Alpha 1 System was developed in Germany, released in 2006 and used primarily in Germany and Western Europe. It is now produced in our facility in Boulder, Colorado.
Website
http://www.sophono.com
Transaction Type
Venture Equity
Transaction Amount
$7,000,000
Transaction Round
Series B
Proceeds Purposes
Sophono will use the new financing to fuel product and business development efforts for its proven technology.
M&A Terms
Venture Investor
Wexford Capital
Venture Investor
Undisclosed