Avedro's laser surgery tech attracts $6.3M

Mass High Tech

January 6, 2011

Laser vision technology startup Avedro Inc. has added almost $1.7 million to a securities offering that brought the company $4.6 million in July, according to an amended regulatory filing. The Waltham-based company has now raised $6.3 million of a planned $8 million offering that includes equity, debt, warrants and convertible notes.

In addition to Avedro founder, president and CEO David Muller and CFO Rhonda Bracey, the regulatory filing lists company directors Philip Ferneau of Borealis Ventures, Anthony Natale of Prism VentureWorks, De Novo Ventures’ Joseph Mandato, M. Carl Johnson III of Campbell Soup Company and Flagship Ventures’ Doug Cole.

Avedro has developed a microwave-based surgery procedure intended to treat myopia without using surgical laser vision correction. Muller is the founder and former chairman and CEO of Summit Technology Inc., the original developer of Lasik technology.

The company was founded in 2008 from technology created in 2002 by Dartmouth College associate engineering professor B. Stuart Trembly.

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