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Ronovo Surgical closes Series A funding, plans to seek global partnerships


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Chinese medtech firm Ronovo Surgical has raised an undisclosed amount in a Series A funding round.
The financing round was led by Matrix Partners China and US-based Vivo Capital, which manages about $5.8 billion worth of assets.
WHAT IT DOES
Staffed by surgeons, medtech veterans and robotics experts, the two-year-old company aims to “democratise” digital and minimally invasive surgery (MIS) in the “vastly underserved” Chinese surgical market.
WHY IT MATTERS
The proceeds from the investing round will be used to quickly develop technologies, as well as pursue multiple global strategic partnerships in support of accelerated path to commercialisation , said Ronovo CEO and founder Dr. John Ma in a statement. ....

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