Phoenix Venture Partners Leads Series A Investment in BroadSpot Imaging Corporation
BroadSpot Imaging has secured $7.5 million in Series A funding led by Phoenix Venture Partners, a leading venture capital firm with domain expertise in optics and advanced materials. Camino Real Capital Partners, along with the company’s prior angel investors, also participated in the offering.
BroadSpot Imaging Corp., based in Richmond, CA, is a medical diagnostic company focused on expanding patient access to superior eye-based diagnostics for ophthalmic and other medical conditions. The company uses novel optics technologies to deliver low-cost, small form factor diagnostic devices that both expand patient access to and improve efficiency for medical examinations in existing eye care settings and beyond.
“We are excited to be working with BroadSpot. The company’s disruptive imaging platform has the potential to dramatically expand patient access to eye exams and to enable the diagnosis of other medical conditions not traditionally thought of as ophthalmic,” said Dr. Zachariah Jonasson, managing general partner of Phoenix Venture Partners.
BroadSpot will use the funds to advance development of its suite of low-cost, high efficiency imaging devices and related software services.