San Francisco-based orthodontic startup OrthoFX has raised $13 million in a Series A round of funding led by SignalFire. The financing also saw the participation of Unusual Ventures, ShangBay Capital, and Kairos Ventures.
The startup will use the funding for research and development (R&D) and for building a suite of hybrid digital and physical orthodontic services. A large portion of the funding will be deployed to set up a development centre in Kochi Infopark, Kerala.
“We are building OrthoFX to be the leading innovator and the preferred global brand in digital orthodontics. The rich talent pool that is available in Kerala to an employer like OrthoFX makes it a very attractive destination for our expansion plans. The same should be true for other medical device businesses as well,” OrthoFX co-founder and CEO Ren Menon said.
INDIA DEAL MONITOR
Here are some prominent venture capital transactions in India from July 24-29, 2020.