Friday, April 25, 2008

PhotoThera Finds $11M

San Diego-based PhotoThera, a developer of light therapy systems for treatment of musculoskeletal injuries, has quietly raised $11.0M in funding, socalTECH has learned. PhotoThera's devices are under clinical investigation to treat ischemic stroke. Details of the funding have not been announced. The firm has previously raised funding from Delphi Ventures, DeNovo Ventures, Hamilton BioVentures, Warburg Pincus, The Vertical Group, and Solstice Capital. The firm last announced a venture funding round in April of 2006, worth $30.5M. The numbers were released in this week's PricewaterhouseCoopers/NVCA venture capital survey. More information »

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