Wednesday, February 1, 2012

Estech Gains $7M In Venture Debt

San Ramon-based Estech, a developer of medical devices for the cardiac surgery market, has scored a $7M, venture loan package from NXT Capital and Silicon Valley Bank. According to NXT Capital, the loan will go to finance key growth initiatives at Estech. Terms of the loan were not announced. Estech is backed by Saints Capital, Waveland Securities, NBGI Ventures, Telegraph Hill Partners and Tullis Health Investors. The company is headed by Terry Kinninger.