HOUSTON, TX, August 25, 2008
– OrthoAccel Technologies, Inc., (OATI), creators of an acceleration device for orthodontics, today announced that it has closed its Series A round of financing with S3 Ventures, a leading venture capital firm in the Southwest.
Mike Lowe, President and CEO of OrthoAccel, said, “S3 Ventures epitomizes the popular term ‘smart money.’ In addition to the capital investment that they have made in OrthoAccel, they are also investing their expertise. Brian R. Smith and Steve Banks, have each joined the OrthoAccel Board of Directors, and both have impressive and relevant track records. OrthoAccel will certainly benefit from their rich entrepreneurial, investment and growth experience.”
Brian R. Smith, Managing Director of S3 Ventures, stated, “OrthoAccel’s Celerect devices represent a universally attractive acceleration technology for all orthodontic solutions. S3 sees the science, team and opportunity as an excellent potential investment.”
OrthoAccel will use its Series A capital to continue technology development and commercialization efforts.
Based in Houston, Texas, OrthoAccel Technologies, Inc., (OATI), is the creator of a potentially game-changing device for orthodontics. This device is being studied to verify that it reduces treatment duration for wearing braces by applying cyclic forces in combination with standard orthodontics to move teeth faster through accelerated bone remodeling. Importantly, the device works complimentary with all existing orthodontic technologies. With an expected launch of this innovative and patented product in 2010, the company has established a Scientific Advisory Board and was a recipient of BioHouston’s 2007 Michael E. DeBakey Life Science Award for outstanding commercial and clinical opportunity.
More information can be found at www.acceledent.co.uk or requested via firstname.lastname@example.org
About S3 Ventures
S3 Ventures is an early-stage venture capital firm investing in companies which address large market opportunities in the information technology and medical device sectors. S3 invests primarily around the Southwest with a focus on Texas. With offices located in Austin and Houston, S3’s team is a group of seasoned investors and successful entrepreneurs who have repeatedly built companies into great returns for investors. S3 helps talented entrepreneurs take their technology and market knowledge and form valuable businesses in a methodical fashion.
For more information about S3, please visit www.s3vc.com.