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River Cities Invests $5 Million in SurgiQuest



7/29/2011 9:14:28 AM

Downtown-based River Cities Capital Funds River Cities Capital Funds Latest from The Business Journals Cincinnati stocks, funds riding mid-cap waveNTEC aligns with Sevin Rosen, other VC firmsTwo funds better than one for Blue Chip Venture Co. Follow this company just completed its biggest investment of the year, and it’s looking for more.

River Cities pumped $5 million into Orange, Conn.-based medical device maker SurgiQuest Inc. River Cities led the second round of investments in SurgiQuest totaling $20 million, said Carter McNabb, a River Cities managing director who handles health care deals for the firm.

This is just River Cities’ second new investment of the year. It has also made a handful of follow-on investments by pumping more money into companies in which it had already invested, McNabb said.

SurgiQuest makes devices that give surgeons ...


Read at BioSpace.com


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