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Radiaction Medical Raises $12.6 Million In Series C2 Funding And Elects Christopher Barys As A New Member To Its Board Of Directors

Aug 29, 2023•almost 2 years ago

Amount Raised

$12.6 Million

Round Type

series c

Tel AvivMedical DeviceMedicalBiotechnologyHealth Care

Investors

BarysInnova Health PartnersRadiaction Medical, Ltd

Description

Radiaction Medical, LTD (“Radiaction”), a medical device company whose mission is to provide radiation protection to the entire medical staff during interventional procedures, today made two announcements. First, it has raised $12.6 million in Series C2 funding led by U.S. private equity fund InnovaHealth Partners with participation from additional co-investors. Second, the company elected Christopher Barys to serve on its Board of Directors

Company Information

Company

Radiaction

Location

Tel Aviv, Tel Aviv District, Israel

About

Radiaction Medical, Ltd. is revolutionizing radiation protection for interventional medical teams, focused on specialties that endure the highest exposure rates and serious health risks. In a complete departure from current solutions that shield or clothe users to block radiation, the company created Radiaction, a plug-and-play addition to C-arm systems that dynamically and proactively blocks over 90% of scatter radiation at the source, offering head-to-toe protection for everyone in the room. Radiaction carries CE marking and FDA clearance and is currently marketed in North America and the European Union (EU). Based in Tel Aviv, Israel, Radiaction Medical was founded by Amir Belson, MD, with lead investor InnovaHealth Partners, LP. Engineering excellence allows the company to surmount real-world challenges and limitations and make a lasting impact. To learn more about Radiaction Medical and the breakthrough Radiaction system, visit lnk.bio/RadiactionMedical.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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