RF Surgical Systems Obtains $12,000,000 New Funding

  • Feed Type
  • Date
    9/13/2011
  • Company Name
    RF Surgical Systems
  • Mailing Address
    3326 160th Avenue SE Bellevue, WA 98008
  • Company Description
    RF Surgical Systems, Inc. is a medical device company with headquarters in Bellevue, Washington and engineering R & D facilities in San Diego, California. The privately held company was founded by Chairman Jeffrey Port, M. D., a thoracic surgeon, and Chief Technology Officer William Blair, an electrical engineer.
  • Website
    http://www.rfsurg.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $12,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    RF Surgical will use this funding to drive customer growth and product innovation. The company will focus on several strategic initiatives to accelerate market capture including the expansion of the company’s sales and field support team. This funding will also allow the company to intensify key R&D programs such as the development of a market-leading solution to tag surgical instruments and otherpatient safety-related products.
  • M&A Terms
  • Venture Investor
    Split Rock Partners
  • Venture Investor
    Menlo Ventures
  • Venture Investor
    Stanford University