Avedro, a company known for its vision-correcting system run off thermal energy, has raised $4.6 million of a proposed $5 million in financing. CEO David Muller tells Xconomy the new funding will be used for general corporate purposes. The company's investors include Borealis Ventures, De Novo Ventures, Echelon Ventures, Flagship Ventures and Prism Venture Partners.
Avedro's device, Vedera, improves upon Muller's claim to fame, Lasik eye surgery, with technology originally created at Dartmouth College. Instead of making surgical incisions in the eye, thermal energy flattens the cornea for myopia and cornea bulging issues. Vedera was approved in the European Union in April.
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