Anchora Medical announces closing of a $4.5M financing round led by HOYA Corporation

Anchora Medical is developing a single-use suturing device for the approximation of soft tissue during Minimally Invasive Surgery (MIS)

YOKNEAM, Israel (PRWEB) February 26, 2020

Anchora Medical ("Anchora"), a portfolio company of Alon Medtech Ventures ("Alon Medtech"), announced today closing of a $4.5 million financing round led by HOYA Corporation ("HOYA") HOCPY7741, a key strategic investor, and Tal Capital. The funds will be used to complete Anchora's family of single-use laparoscopic suturing devices.

HOYA, a global medical device and high technology company, and Tal Capital, a US-based hi-tech investment company, join current investors Alon Medtech and Dr. Shimon Eckhouse in their support of the company.

Anchora's single-use suturing device for the approximation of soft tissue during MIS incorporates tiny stainless-steel smart anchors threaded on a surgical thread to create either running or interrupted sutures in tissue.

"The recent investment, led by HOYA, is a robust validation of our technology, and it will allow us to move toward commercialization," said Yoni Epstein, Anchora CEO. "It is an honor to have such a global leader joining our team."

Dr. Shimon Eckhouse, Anchora's Chairman, adds: "This partnership with HOYA is an excellent indication of the innovation and significance of Anchora's solution for the advancement of modern surgical technologies. We are confident that HOYA's leadership position in the global minimally-invasive surgical market will play a critical role in bringing Anchora's exciting technology to surgeons and patients around the world."

"Our investment in Anchora further complements HOYA's aim of partnering with innovative minimally-invasive surgical companies to complement our Life Care medical device divisions. We are excited about the progress and novel advancements that Anchora has made with its laparoscopic suturing products. Timothy Gehlmann, President and CEO of HOYA's Microline Surgical division, has joined Anchora as a board member and we look forward to the company's continued successes. Additionally, we welcome the opportunity to continue our venture capital partnering activities with the flourishing medical device industry in Israel," said Augustine Yee, HOYA's Chief Legal and Corporate Operating Officer.

About Anchora Medical
Anchora Medical is a privately held medical device company based in Israel. Its platform technology is devoted to changing suturing in endoscopic procedures. Its approximation device is a unique single-use device for the approximation of soft tissue during MIS. The device incorporates tiny stainless steel anchors threaded on a surgical thread. For more information, visit: http://www.anchora-medical.com

About HOYA
Founded in 1941 in Tokyo, Japan, HOYA Corporation is a global technology and med-tech company and a leading supplier of innovative high-tech and medical products. HOYA's divisions and business units research and develop products utilized in the healthcare and information technology fields.

In the healthcare field, we provide medical device products such as eyeglasses, medical endoscopes, contact and intraocular lenses, orthopedic implants, surgical/therapeutic devices and medical device reprocessing and disinfection solutions. In the information technology field, we provide products such as optical lenses, photomasks and blanks used in the manufacturing process for semiconductor and LCD/OLED devices, text to speech, human resources and other software solutions and critical components for the mass memory and cloud storage industries. With over 150 offices and subsidiaries worldwide, HOYA currently employs a multinational workforce of 37,000 people. For more information, please visit http://www.hoya.com

About Alon MedTech
Alon MedTech Ventures incubator ("Alon MedTech") is based in Yokne'am, Israel. It was founded and is owned by Dr. Shimon Eckhouse, its active chairman. Dr. Eckhouse is an inventor, serial entrepreneur, and investor in the field of medical devices and medical technologies.

Alon MedTech is supported by the Israel Innovation Authority (IIA) and operates under the IIA incubator program. Alon MedTech invests and partners with outstanding entrepreneurs to transform innovative medical device ideas into successful companies. Alon MedTech invests in novel technologies and solutions that significantly improve the well-being and quality of life of humankind around the globe. For more information, visit: http://www.alon-medtech.com

About Tal Capital
Tal Capital is a US-based private investment company investing in promising hi-tech companies across a variety of industries, including Healthcare. Tal Capital seeks companies that offer unique technology, strong commercial potential, and outstanding leadership teams. Contact them at info@tal-capital.com

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