OrthoAccel Technologies Secures Equity Financing for Class II Medical Device

Posted: January 9, 2015
Edited by Orthotown staff 

HOUSTON—OrthoAccel Technologies has closed on a $5 million equity financing.

The company, manufacturer of AcceleDent, continues to raise capital to expand its sales force and support its rapid growth. 
 
This financing announcement, which coincides with a public filing with the Securities and Exchange Commission, comes as AcceleDent is now available in more than 2,000 orthodontic locations in the U.S. 
 
“We appreciate our capital partners for propelling the next phase of our market expansion and for the confidence they’ve placed in our strategic marketing and sales initiatives,” said Michael K. Lowe, president and CEO of OrthoAccel. “Our rapid market adoption and growth over this past year has solidified OrthoAccel’s position as the leader of accelerated orthodontics, and we anticipate another high growth year ahead as more consumers and orthodontists learn about AcceleDent.”

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