
King of Prussia-based Trice Medical announced today it closed a $19.3 million Series C round led by Safeguard Scientifics.
The round will go toward accelerating and expanding the company’s U.S. market reach for its flagship product, a handheld diagnostics tool called mi-eye, as well as research and development, sales, marketing and “key international regulatory approvals.”
To date, the company has racked up $40.9 million in ventur capital. Along with previous investors Safeguard and BioStar Ventures, U.K.-based medical company Smith & Nephew joined the list of investors.
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