Alter-G Lands $15,000,000 New Funding Round

  • Feed Type
  • Date
    7/31/2015
  • Company Name
    Alter-G
  • Mailing Address
    48438 Milmont Dr. Fremont, CA 94538 USA
  • Company Description
    By harnessing the power of air pressure, Alter-G’s products safely offer a full range of body weight reduction with very good weight control accuracy. AlterG’s high tech control system also allows for very fine adjustment, offering the user the ability for the first time to gradually add or subtract weight, depending on specific application.
  • Website
    http://www.alter-g.com
  • Transaction Type
    Debt
  • Transaction Amount
    $15,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company intends to use the funds to accelerate new product development, and increase marketing support for customers.
  • M&A Terms
  • Venture Investor
    Oxford Finance
  • Venture Investor
    Silicon Valley Bank