Saints Capital has led VisionCare Ophthalmic Technologies to an impressive $31 million round of Series E financing. VisionCare, based in California, is developing visual prosthetic devices for patients with end-stage age-related macular degeneration (AMD). The device, which VisionCare describes as "smaller than a pea," is implanted in an outpatient procedure. New investors are Giza Ventures, General iFinancial Holdings and BSI SA, and current investors include Pitango Venture Capital, Three Arch Partners, ONSET Ventures and Newbury Acquisitions Fund/Infinity CSVC Management also participated.
The capital will be used to launch the CentraSight telescope prosthesis by developing VisionCare's sales and marketing department for the United States, with other markets to follow. The company is also investing in R&D for new visual prosthetic devices for severe retinal disorders.
- here's VisionCare's release
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