I would recommend Fortech Investments to companies looking for long-term expansion into Europe and I think it’s valuable, in general, to join with investment partners in other continents. Also, having a software background and a Corporate Venture arm are two really appealing aspects for start-ups to collaborate with them. They were really organized and very responsive and leveraged all the information and technology we had available during the due diligence process.
We’re working to commercialize a revolutionary medical device and this can be pretty capital extensive. We were in the pre-commercial stage and now we’re moving into the product launch and this financing not only allows us to fulfill a portion of our pre-order backlog but it gives us additional budget for marketing and sales, as well as distribution.