Eye treatment company Avedro lands $25 million | Funding Roundup

Avedro Inc. landed $25 million in a series C financing round, company officials announced yesterday.

The Waltham, Mass.-based company will use the funds to expand its commercial operations overseas.

Avedro, a private company, also plans to pursue U.S. Food and Drug Administration clearance for its Vedera cornea flattening treatment, designed to treat near-sightedness, and its KXL corneal cross-linking system.

The KXL system won CE Mark approval in the European Union in November 2010.

Check out the MassDevice podcast with Avedro Inc. CEO David Muller from December 2010.

Funding was led by SCP Vitalife and followed by Aperture Venture Partners who joined by existing investors Prism VentureWorks, De Novo Ventures, Flagship Ventures, Borealis Ventures and Echelon Ventures, according to the release.

As part of the round Jeff Dykan of SCP Vitalife will join Avedro’s board of directors, and Eric Sillman of Aperture Venture Partners comes on as a board observer.

Here’s a roundup of other dealflow and investment news:

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• SpineVision touts $5 million
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  "We now have a focused and streamlined international operation that is steadfastly penetrating the market," said Gérard Hascoët, chairman & CEO of SpineVision.
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• CareFusion lands $550 million credit facility
  CareFusion Corp. (NYSE:CFN) arranged a $550 million unsecured revolving credit facility with JPMorgan Chase Bank this week. The credit has a five-year term and allows the San Diego-based company to request up to $200 million more under certain conditions.
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