Tuesday, June 5, 2007

EKOS Gets Debt Round

Bothell, Washington-based EKOS, a firm developing medical devices that use ultrasonic radio waves to treat peripheral arterial occlusions, has raised $10M in venture debt. The funding came from Hercules Technology Growth Capital. EKOS is venture backed by Ascension Health Ventures, LLC., EGS Private Healthcare, MedVentures Associates, Mitsui & Co. Venture, Morgan Stanley Venture Partners, NGN Capital, Oakwood Medical Investors and Protostar Equity Partners. Hercules said Monday that financing would be used to support the sales launch of EKOS.