UVision 360 Raises $300,000

Medical device company UVision 360 has raised $300,000 in a private equity offering, according to a filing with the Securities and Exchange Commission on Thursday.

The company, based in Research Triangle Park, still has $450,000 to raise, to meet its goal of $750,000.

The money was raised by 16 investors, according to the filing.

The filing did not disclose what the money would be used for.

Founded in 2016, UVision 360 develops office-based hysteroscopy systems to support the market shift from hospital to office-based procedures.

Hysteroscopy is used to treat problems in the uterus for women, with current clinical data showing that 80 percent of currently hysteroscopy procedures are performed in a hospital or ambulatory surgical center.

Chief Executive Officer Allison Brown has more than 20 years of medical device, consumer and pharmaceutical experience in the healthcare sector.

Using her background in research and development, sales and product development, she has launched over 90 products and services.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

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