A Medical Device Daily

OrthoScan (Scottsdale, Arizona), a privately held device company providing state of the art imaging with a focus on orthopedics, reported that it has closed a $7.5 million Series B financing led by River Cities Capital Funds (RCCF). Additional participants include existing investors Aphelion Capital, California Technology Ventures and a group of accredited private individuals.

Carter McNabb, managing director of RCCF, has joined OrthoScan's board in connection with the financing.

"This round of financing will provide us with the resources necessary to further expand our sales distribution in the U.S. and abroad," said Rob Morocco, OrthoScan's COO. "Additionally, we will continue to improve the design and performance of our Mini-C Arm product as well as develop fluoroscopic imaging products which will allow us to expand our customer base."