Tuesday, February 15, 2011

Ivivi Health raises $4M, converts $5.5M loan to equity

Ivivi Health Sciences LLC landed a $4 million new investment in the initial close of a Series A round of financing and converted a $5.5 million bridge loan to equity.
A second tranche of $4 million is expected by the end of May, according to the San Francisco company, which has developed FDA-cleared electrotherapy devices to reduce post-surgical pain and edema in orthopedic specialties.

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