Talia Technology raises $9m

The medical equipment company raised the financing in three rounds over the last year. It will be used for increased marketing, product development and expansion into the US.

Talia's fund raising came from a group of Israeli private investors who put $1m into the first round. The second consisted of $4m from private investors in Europe, the US and Asia. The financing was completed by an additional investment of $4m by TVM Techno Venture Management.

Talia Technology focuses on the development and commercialisation of novel retinal imaging technologies. The company has headquarters in Israel and the US.

Dr. Gert Caspritz, partner at TVM, Boston added, “In our opinion Talia’s instrument represents the best in class solution for complex diagnostic procedures of the eye. The company has the potential to go public within a year from now.”

TVM Techno Venture Management is a German-U.S. venture capital company with offices in Munich, Boston and San Francisco. The investment focus is on high-growth/high-potential information and communications technology and life science companies. TVM funds have made investments into more than 180 companies in 8 countries.