Cambridge Endoscopic Devices Inc. raised $1.5 million in new debt financing.
The Framingham-based company makes endoscopic surgical tools that work through a single incision. For example, transplant surgeons can use the Autonomy Laparo-Angle device to remove kidneys through the patient’s navel, resulting in significantly faster recovery times and a relatively inconspicious scar.
Woojin Lee, an MIT mechanical engineering professor who previously co-founded Norwood’s endoVia Medical (which sold in 2005 to Hansen Medical Inc.) launched Cambridge Endo in 2004. The company received regulatory approval to market the device in the United States in May 2006 (it’s also available in the European Union).
Early investors include Collaborative Seed and Growth Partners LLC of Newton.