Wound Care Technologies manufactures and sells the DermaCloseTM RC continuous external tissue expander that is used to help close acute and chronic wounds quickly and cost effectively.
Wound Care was seeking capital to support sales and marketing efforts and increase clinical studies and looked to Oak Ridge to raise a minimum of $1 million of convertible preferred stock. Oak Ridge raised a total of $2.5 million in a challenging market environment from individual investors and angel investor groups.
Spineology
Inc. is a pioneer in minimally invasive surgery
in the spinal implant industry. The Company’s OptiMesh System
enables spine surgery to be completed in a dramatically less
invasive manner. Spineology was seeking capital to increase
its sales and marketing efforts and looked to Oak Ridge to
raise up to $5.5 million of equity capital. Oak Ridge raised
a total of $7.5 million of Common Stock for the Company,
including the original $5.5 million plus an additional $2.0
million. The money was raised primarily from individual
investors.
Cool
Clean Technologies, Inc. is a leader in advanced cleaning
and cooling technologies that improve performance and quality
while also reducing costs and providing environmental benefits.
Cool Clean was looking for its last round of equity capital
to commercialize its product offerings and looked to Oak Ridge
for up to $6 million of capital. Oak Ridge raised a total of
$8.7 million of Common Stock for the Company, including the
original $6 million plus an additional $2.7 million.