Tuesday, March 21, 2006

EKOS Raises $26M

Bothell-based EKOS has raised a $26M Series C funding round, the company said today, to hire a sales and marketing team for its ultrasound-assisted, fluid infusion catheters. The company said that the funding came from Ascension Health Ventures, and included new investors Oakwood Medical Investors and Trellis Health Ventures. Previous backers CID Equity Capital, EGS Private Healthcare Investors, MedVenture Associates, Mitsui & Co. Venture Partners, Morgan Stanley Venture Partners and NGN Capital also particpated in the round of funding. In conjunction with the funding, the firm announced it had hired Michael Dellario, as vice president of marketing and Jennifer Vaughan, as vice president of sales. Dellario comes from AngioDynamics, and Vaughan from Guidant. More information »