Mobius Imaging Secures $20 Million Debt Financing to Advance High-Definition Mobile CT Imaging for Healthcare Providers

VCBeat (WeChat Official Account: vcbeat) has learned from foreign media that venture capital firm Runway Growth Capital Fund recently announced it had provided up to $20 million in senior secured debt financing to medical device manufacturer Mobius Imaging, to help the company develop new products and expand its business.

Mobius Imaging, founded in 2008 and headquartered in Massachusetts, USA, is a medical device company that provides mobile computed tomography (CT) and medical imaging solutions. The company’s advanced imaging technology seamlessly integrates into clinical workflows, enabling physicians to perform their duties with minimal disruption. This imaging technology delivers high-definition CT images without adding procedural steps, while allowing clinicians to acquire high-quality medical scans anytime and anywhere.

Mobius Imaging was co-founded by Eugene A. Gregerson, Dr. Hansen A. Yuan, and Michael Sinsheimer, with Eugene A. Gregerson also serving as the company’s Chief Executive Officer. Eugene A. Gregerson is the inventor of the O-arm imaging system, a 13-axis robotic imaging system that generates real-time 2D and 3D X-ray images for use in spinal surgery. Prior to joining Mobius Imaging, he was a co-founder and director of the medical device company Breakaway Imaging. In 2007, Breakaway Imaging was acquired by Medtronic, which currently handles the global distribution of the O-arm system.

Advanced CT imaging products manufactured by Mobius reduce radiation exposure in the operating room. Among these, Airo, a commercially available finished product, has received FDA approval as a mobile CT imaging system for use in operating rooms. Equipped with more than 130 active components, this device enhances CT image quality and can be utilized in various clinical settings, including spinal surgery, neurosurgery, thoracic surgery, and radiation oncology.

Compared with traditional CT technology, Mobius scanning has a wider range of applications. It can be used in mobile integrated fluoroscopy and diagnostic imaging, as well as in cardiovascular examinations using mobile biplane fluoroscopy. Additionally, it supports scanning in various patient positions; lateral decubitus, supine, and other postures do not affect CT image quality.

It is reported that Mobius Imaging has obtained ISO 13485 certification, attesting to the high quality of its products. Gene Gregerson stated that achieving ISO certification has always been a top priority for Mobius. The company not only meets all FDA requirements but also strives to go beyond them.

The investor in this round, Runway Growth Credit Fund, is a closed-end investment fund that provides senior term loans ranging from $10 million to $50 million annually to high-growth companies located in the United States and Canada. Runway Growth Capital, the exclusive investment advisor to Runway Growth Credit Fund, was founded in 2015 and is headquartered in California, USA. It primarily offers capital lending services and investment advisory services.

Regarding this financing round, David Spreng, CEO of Runway Growth, stated, “We believe that Mobius’s unique CT scanning capabilities will set a new standard for intraoperative imaging and enhance safety in surgical procedures.”

Eugene Gregerson, President and CEO of Mobius, stated, “Partnering with Runway Growth will help us continue to expand. We believe that Runway’s expertise and its understanding of Mobius’s business will enable Mobius to achieve sustainable growth.”

Previously, Mobius Imaging completed a financing round on June 15, 2018, raising $25 million, with the investors undisclosed.