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Seattle Medical Technologies gets $8.6 million in capital for medical technology

October 21, 2006/

Seattle Medical Technologies, a medical-device startup founded by the prolific inventor Clif Alferness, has raised at least $8.6 million in venture capital.

It received the cash, according to a regulatory filing, from two prominent investment firms that have backed Alferness in startups before — Three Arch Partners http://www.threearchpartners.com and Frazier Healthcare Ventures http://www.frazierhealthcare.com/ .

By Luke Timmerman

Seattle Times business reporter

Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2003315364_seattlemed21.html

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