EndoQuest Robotics closes $42m financing to advance endoluminal robotics technology
EndoQuest Robotics, a medical device company and pioneer in the development of innovative endoluminal robotic technologies, announced the successful closure of a $42 million C-1 preferred financing round. This strategic funding will fuel the advancement of its groundbreaking flexible endoluminal robot aimed at transforming minimally invasive procedures.
The financing round was led by the Company's legacy investors, CE Ventures Limited and McNair Interests Ltd., along with Puma Venture Capital LLC as a new investor. This significant investment reflects a strong vote of confidence in EndoQuest's vision to revolutionize endoluminal procedures through cutting-edge robotic technology. The newly acquired capital will be instrumental in driving key initiatives, including further research and development, regulatory milestones, commercialization efforts, and strengthening the Company's position as the frontrunner in flexible endoluminal robotics.
Neeraj Agrawal, Executive Director, Crescent Enterprises: "The EndoQuest team is trailblazing novel solutions in minimally invasive surgery. We welcome our new partners, and remain fully supportive of the Company and the prospects to transform healthcare with our innovative endoluminal surgical platform."
EndoQuest Robotics is focused on addressing the unmet needs in gastrointestinal ("GI") and other endoluminal surgeries by developing an innovative robotic system that offers precision, flexibility, and improved patient outcomes. The Company's proprietary technology is designed to navigate and perform procedures within the body's luminal spaces, allowing for minimally invasive interventions and enhancing the capabilities of healthcare professionals.
Kurt Azarbarzin, CEO, EndoQuest Robotics: "Our investors share our vision of leveraging robotics to redefine the possibilities in minimally invasive procedures. This financing enables us to continue innovating and refining our technology, ultimately improving patient care and transforming the future of endoluminal interventions."
EndoQuest Robotics remains dedicated to collaborating with healthcare providers, researchers, and industry partners to advance the adoption of its revolutionary flexible endoluminal robotic system, ultimately improving patient outcomes and redefining a new standard of care in minimally invasive surgery.
Interviews.
[Interview] Caroline Mutuku, General Manager, Glovo, Kenya
Caroline Mutuku is Kenya's General Manager of multi-category app Glovo. Caroline joined Glovo in December 2022 from Swvl Kenya where she also served as the General Manager from December 2021. In this interview...read more here
[Interview] Renate Swanepoel, COO, INC. Networking
Renate Swanepoel is an entrepreneur, global networker and inspirational speaker that has helped thousands of people around the world to find their purpose. She has gained significant networking and communication...read more here
[Interview] Anne-Marie Chidzero, Chief Investment Officer, FSD Africa
Anne-Marie Chidzero is the Chief Investment Officer at the Financial Sector Deepening Africa (FSD Africa) Investments. In this interview, she talks about the risks and opportunities in backing Africa’s early-stage startups...read more here
[Interview] James Kilpatrick, Chair, Gravitilab, UK
Gravitilab is a "Space as a Service" business providing research, testing and qualification facilities to space agencies, government, academia and commercial enterprises. The company’s Chair and Chief Finance Officer...read more here
[Interview] Ramanjeet Singh, CEO, Woosper, USA
Woosper is a US-based digital advertising and marketing agency focused on creating experiences that help clients discover their place in the digital world. The CEO Ramanjeet Singh...read more here