Trice Medical, Inc. announced that it has received $40.580088 million in funding from Smith & Nephew plc, Safeguard Scientifics, Inc., HealthQuest Capital, BioStar Ventures LLC, The Charter Group, Ltd., Municipal Employees' Retirement System of Michigan and other investors
January 14, 2019
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On January 14, 2019, Trice Medical, Inc. amended the terms and closed the transaction. The company will now receive $42,295,088 in the transaction. The company has received $40,580,088 from 47 investors in the transaction. The company has received $21,314,624 in the second and final tranche of the series C round of funding. The tranche was led by new investors The Charter Group, Ltd. and Municipal Employees' Retirement System of Michigan and involved participation from existing investors Safeguard Scientifics, Inc. (NYSE:SFE), HealthQuest Capital, BioStar Ventures LLC, Smith & Nephew plc (LSE:SN.) and other investors.
Safeguard Scientifics, Inc. is a provider of capital and relevant expertise to technology-driven businesses. The Company offers strategic, operational and management support to certain of its ownership interests, which include defining short and long-term strategic goals; identifying and planning for the critical success factors to reach these goals; identifying and addressing the challenges and operational improvements required to achieve the critical success factors and, ultimately, the strategic goals; identifying and implementing the business measurements that the Company and others are apply to measure a companyâs success; and identifying sources of and providing capital to drive growth. It also continues to hold relatively small equity interests in other enterprises where it does not exert significant influence and do not participate in management activities. The Company's subsidiaries include Bonfield VII, Ltd., Safeguard Delaware, Inc., SFE Properties, Inc., and others.
Trice Medical, Inc. announced that it has received $40.580088 million in funding from Smith & Nephew plc, Safeguard Scientifics, Inc., HealthQuest Capital, BioStar Ventures LLC, The Charter Group, Ltd., Municipal Employees' Retirement System of Michigan and other investors
SAFEGUARD SCIENTIFICS, INC. 
