''The importance of reaching the American market is because the investors there pressure less about profitability"
The medical equipment company, Itamar Medical completed yesterday a capital raise of 14.7 Million dollars as part of the company's registration to the American stock exchange. Among the Israeli investors: More Investment House, Mietav Dash Hazavim Investment Management and Noked's hedge funds. The CEO, Gilad Glick tells "Globes": "The belief in Israel is in achieving profitability as soon as possible, whereas the American market is interested in growth, the top line"
The American investors were Deerfield Management, Triple Gate Capital, West Elk Partners and Alpha Capital Anstalt (which is identified with Martin Schlaff and invests also in Collplant). Among the Israeli investors, More Investment House (that joined in the first part of the raise), Dash Hazavim Investment Management and Noked's hedge funds (that joined in the second part of the raise). The funds raising was led by Cybele Investment House who consults Itamar Medical in the local capital market.
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