Regenesis Biomedical, Inc., a medical technology company that markets the Provant® Therapy System, announced today the closing of a $5.3 million Series C equity financing. The financing was led by Fulcrum Equity Partners and TGap Ventures, and includes existing investor Solstice Capital. Tom Greer of Fulcrum and Jack Ahrens of TGap will join the Regenesis Board of Directors.
"During our investment due diligence, we were very impressed with the entire Regenesis team, particularly in the areas of quality systems, sales expansion, and key clinician relationships," said Tom Greer of Fulcrum. "We are excited to partner with Virginia and her team in what we feel will be the leading wound care company in the market."
Jack Ahrens of TGap Ventures added "We have closely followed the development of Regenesis' business as they execute to plan. The management team has a clear strategic vision and a passion for thoughtful resource allocation."
"This funding allows us to accelerate the expansion of our sales force, and to seek expanded payer sources including Medicare coverage," said Virginia Rybski, President and CEO of Regenesis Biomedical. "In addition we are pleased with our new partners who add to our healthcare business experience."
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