Philly.com reports that Safeguard Scientifics Inc., Wayne, NJ, is plopping $25 million into PixelOptics, a Roanoke, Va., medical technology company developing electronically focusing prescription eyewear called emPower. "Safeguard, a holding company that buys stakes in growth-stage life sciences and technology businesses, is part of a group of investors that put $45 million into PixelOptics."
According to a press release about the deal, "The financing is comprised of $35M equity investment and $10M venture debt. Participating venture capital organizations include: Safeguard Scientifics, Delphi Ventures, The Carlyle Group, Longitude Capital, and Stark Investments. Horizon Technology Finance (Nasdaq: HRZN) provided the venture debt funding."
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