UAVenture Capital Fund II LLC, an investment fund managed by UAVenture Capital LLC, invested in MediCarbone Inc. Financial terms of the investments were not disclosed.
The investments are expected to help with technology development of MediCarbone’s unique, minimally-invasive orthopedic fracture fixation technology, which uses an intramedullary sleeve and injectable, light-triggered bone cement.
UAVenture Capital is a Tucson, Ariz.-based venture capital firm that invests in products, technology and services emerging from the University of Arizona.