Ophthonix Completes Series D Financing at $35.1 Million.- Funding Supports the Continued US and International Roll-out of the Z-View Aberrometer and Wavefront-Guided iZon High Resolution Lenses - SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Ophthonix, a company marketing advanced vision correction products that provide consumers with superior optical clarity and crispness of vision, just announced it has raised $35.1 million in a "Series D" financing. Leading the funding round was DAG Ventures (www.dagventures.com), with Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. Investors (www.pa-investors.com) also participating as a new investor in this round. Each of the company's current top tier investors joined-in the Series D funding: Enterprise Partners Venture Capital, Kleiner Perkins Caufield & Byers, Gund Investment Corporation, InterWest Partners, Trex Enterprises and Wasatch Advisors' Cross Creek Cross Creek may refer to:
"We are thrilled by the commitment of DAG Ventures to take the lead, along with Palo Alto Investors coming on board, both of whom are among the top in the industry, and by the continued support of previous investment partners for our technology," said President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Andreas Dreher, Ph.D. "All signs point to a huge success for the iZon Lens, which has been receiving outstanding market acceptance and this investment round is the final linchpin linch·pin or lynch·pin n. 1. A locking pin inserted in the end of a shaft, as in an axle, to prevent a wheel from slipping off. 2. positioning us to drive the introduction of the iZon Lens across the US and globally," Dreher continued. The iZon Lens design is based upon a patient's optical fingerprint, or iPrint[TM] measured by the company's Z-View Aberrometer. As a result, it addresses the unique aberrations of the eye that can cause sub-optimized vision if not corrected. "Patients tell us that the iZon Lens gives them the quality of vision they have never before experienced - sharpness of images, richer colors, better depth perception, reduced glare and seeing better at night," noted Dreher. "There is genuine excitement in these messages, because the iZon Lens is allowing them to see better than they ever could before," he concluded. Ophthonix's newest lead investor echoed the enthusiasm of Dr. Dreher. "We knew immediately during our evaluation of Ophthonix that the company's technology had breakthrough potential and could change the lives of the hundreds of millions of people around the world who need vision correction," said John Cadeddu Partner at DAG. "Our firm was very excited to learn during our diligence period that practitioners prescribing the iZon Lens are extremely pleased at how well the product performs and the high levels of satisfaction their patients describe," he emphasized. One of the practitioners using the company's products, Peter Shaw-McMinn, OD of Riverside, CA noted, "The iZon Lens is a remarkable product and gives optometry optometry (ŏptŏm`ətrē), eye-care specialty concerned with eye examination, determination of visual abilities, diagnosis of eye diseases and conditions, and the prescription of lenses and other corrective measures. an innovation that will transform the industry." "My patients love iZon Lens and so do I," he added. About Ophthonix Ophthonix, Inc., a San Diego-based, venture-funded ophthalmic company, is developing exceptional vision assessment and correction technologies to greatly enhance vision. Ophthonix is currently advancing a system that will improve the ability of optometrists and ophthalmologists to care for their patients and benefit the millions around the world requiring vision correction. Ophthonix is located at 10455 Pacific Center Court, San Diego, CA 92121, www.izonlens.com, media@ophthonix.com (858) 869-2086. About Enterprise Partners Enterprise Partners is a venture capital firm investing in privately held early stage and emerging companies with particular strengths in information technology, communications, life sciences and selected consumer products and services. One of the top-performing venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with over a $1 billion of capital under active management, Enterprise Partners is headquartered in La Jolla La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , CA, phone (858) 731-0300, website: www.epvc.com. About DAG Ventures Doug Ackerman & Goodrich (DAG) Ventures is a leading diversified capital firm with a portfolio of companies in life sciences, information technologies and energy technologies, including Plaxo, Blue Lane, Matrix Memory and Podshow. DAG Ventures is located at 251 Lytton Ave., Ste. 200, Palo Alto, CA 94301, phone: (415) 788-2755, website: www.dagventures.com. About Palo Alto Investors Palo Alto Investors is a leading diversified investment firm with over $1 billion invested in companies competing in health care, consumer products, telecommunications, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and energy technology. Palo Alto Investors is located at located at 470 University Ave., Palo Alto, CA 94301, phone: (650) 325-0772, website: www.pa-investors.com. About Kleiner Perkins Caufield & Byers Kleiner Perkins Caufield & Byers is a leading venture capital partnership headquartered in Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , CA. The firm has backed many industry-leading companies including AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Google, Compaq, Genentech, Hybritech, and Netscape. Kleiner Perkins Caufield & Byers, is located at 2750 Sand Hill Road, Menlo Park, CA 94025, phone: (650)233.2750, website: www.kpcb.com. About Gund Investment Corporation Gund Investment Corporation is the private investment firm of Gordon Gund. The firm invests in privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. as well as public securities and real estate. A prominent philanthropist, Mr. Gund is co-founder of The Foundation Fighting Blindness, a non for profit organization driving research to find causes, treatments and cures for retinitis pigmentosa Retinitis Pigmentosa Definition Retinitis pigmentosa (RP) refers to a group of inherited disorders that slowly lead to blindness due to abnormalities of the photoreceptors (primarily the rods) in the retina. , macular degeneration macular degeneration, eye disorder causing loss of central vision. The affected area, the macula, lies at the back of the retina and is the part that produces the sharpest vision. , Usher Syndrome Usher syndrome An AR condition characterized by retinitis pigmentosa–RP and sensorineural deafness , and other retinal degenerative diseases. Gund Investment Corporation is located at 14 Nassau Street, Princeton, NJ 08542, phone (609) 921-3633. About InterWest Partners InterWest Partners (www.interwest.com), founded in 1979, is a leading diversified venture capital firm focused on building long-term relationships with entrepreneurs and portfolio companies. With more than $2 billion of capital raised, including its new investment fund of $600 million, InterWest has 11 experienced partners in Menlo Park, CA and Dallas, TX, who bring together deep domain knowledge in life sciences and information technology. About Trex Enterprises Established in 1978, Trex Enterprises is a privately owned, high-tech company specializing in government and commercial R&D in the field of applied physics, as well as supporting the launch of new ventures. Among its other ventures are Cross-Fiber, Inc., Lorea Corporation and e-Phocus, Inc. Trex Enterprises is located at 10455 Pacific Center Court, San Diego, CA 92121, phone: (858) 646-5300, website: www.trexenterprises.com. About Wasatch Advisors Wasatch Advisors, investment adviser to institutional clients and a family of mutual funds, has specialized in small cap growth investing Growth Investing A strategy whereby an investor seeks out stocks with what they deem good growth potential. In most cases a growth stock is defined as a company whose earnings are expected to grow at an above-average rate than its industry or the overall market. since 1975. Wasatch Advisors is located at 150 Social Hall Avenue, 4th Floor, Salt Lake City, UT 84111, phone (801) 533-0777, website: www.wasatchadvisors.com. |
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