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The clinical-stage medical device company will use the finance to carry further product development and clinical studies for GI Window’s patented technology.
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Fremont, CA: GI Windows Corp, a private-held medical device company, raised $14.6 million in Series A financing. The Asian-focused healthcare investment firm GT Healthcare Capital Partners and Silicon Valley-based Sonder Capital led the funding round.
The clinical-stage medical device company will use the finance to carry additional product development and clinical studies for GI Window's patented tools in the next generation of clinical procedures and tissue fusion.
"GI Windows is focused on creating the first fundamental breakthrough in anastomoses technology in the past 40 years. The opportunity represents areas of significant clinical unmet need with large and growing market opportunities", said Colby Wood, Partner at Sonder Capital.
Alan Au, the Managing Partner of GT Healthcare, stated: "We are excited to take part in GI Window's revolution in reshaping and simplifying operating procedures in the digestive system that benefits patients and reduce healthcare costs."
Apart from announcing the Series A investment, the board has also elected Payson Coleman as an independent board member. Christopher Thompson, MD, Fred Moll, MD, Peter Rogal, Jay Watkins, and Colby Wood are the current board of members whom Mr. Coleman will join soon.
"We are excited with the high level of commitment and enthusiasm from our investors," said Brian Tinkham, Chief Executive Officer and President of GI Windows. "Our team has made significant strides over the past 12 months in R&D and clinical procedural development. GI Window's technology is poised to demonstrate improved clinical outcomes and reduce healthcare costs for patients and providers."
Sonder Capital, a Silicon Valley-based investment company, invests capital, time, and expertise in early-stage medical technology companies. The Sonder Capital includes a team of veterans from the medical technology field, with years of experience as operators, founders, and investors.
GT Healthcare Capital Partners, or more famously known as "GT Healthcare," is an Asia-based private investment company that specializes in healthcare investments around the globe, aiming to change technology landscapes and benefit patients. GT Healthcare works by providing scale and capital expertise to healthcare businesses in Asia / Greater China.
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