Cavendish Innovation Partner announces successful close of seed investment round led by Cavendish Impact Capital, with participation from other private investors
FOR IMMEDIATE RELEASE
(COOPERSTOWN, NEW YORK) — Cavendish Global, a New York-based community of family offices and impact investors, together with San Diego, CA-based Cavendish Impact Capital, have announced today the successful seed funding of one of their Innovation Partners, Orem, UT-based Turner Imaging Systems. Cavendish Impact Capital led the seed investment round, with participation from other private investors.
Turner Imaging Systems is the developer of the SMART-C, a fully-functional, battery-operated, and hand-transportable mini-C-arm system. SMART-C dramatically improves the way fluoroscopy is performed, expanding the accessibility to x-ray imaging in underserved areas around the world.
“I am pleased to have Turner Imaging Systems among the Cavendish Impact Capital Life Science Fund portfolio,” remarked John Evey, Managing Director, Cavendish Impact Capital. “From the sports field to the emergency room, and from the field hospital to village clinics around the globe, the SMART-C will be an exceptional tool for emergency responders, imaging specialists, and physicians.”
Turner Imaging Systems became a Cavendish Innovation Partner in early 2017, presenting at the February San Diego Health Impact Forum. Through continued attendance at Cavendish Forums and nurturing a relationship with Cavendish Impact Capital, Turner and Cavendish recognized their complementary strategies. “We share in the Cavendish community’s dual mission to provide a financial return to investors and have a positive impact on global healthcare outcomes,” remarked Clark Turner, CEO, Turner Imaging Systems.
“The successful funding of Turner Imaging Systems by Cavendish Impact Capital is a testament to the power of the Cavendish community,” noted J. Michael Moffat, Chairman, Cavendish Global. “Through our daily efforts to identify and present the most transformative innovations, before ready and inspired impact investors, Cavendish continues to deliver to market game-changing innovations with substantial global benefit.”
Turner Imaging Systems will use the proceeds from this funding round to finance operations, continue development efforts related to its innovative technology, and upon regulatory approval from the U.S. Food and Drug Administration, advance the commercialization of the SMART-C portable C-arm system.
Turner Imaging Systems and Cavendish Impact Capital will be in attendance at the upcoming Cavendish Health Impact Forum, February 7, 2018, at the Sanford Consortium for Regenerative Medicine in San Diego, CA.
About Cavendish Global
Cavendish Global is a peer-to-peer community of paradigm-changing innovators in health and the life sciences; over 200 leading family offices, philanthropists, foundations and impact investors; key opinion leaders and renown institutional partners that share a passion for well-conceived impact investing, sustainable philanthropy and delivering transformative impact. Cavendish provides the resources for innovators to advance their impactful work from mind to marketplace — through connectivity, advisory services, access to key opinion leaders and capital opportunities. Together, the Cavendish community bridges the gaps and accelerates innovation. The upcoming Health Impact Forum will take place February 7, 2018 at the Sanford Consortium for Regenerative Medicine in San Diego, CA. For more information: http://cavendishglobal.com
About Cavendish Impact Capital
Cavendish Impact Capital brings advances in transformational technologies that are made accessible to all and substantially influence a more positive future. The Cavendish Impact Capital Life Science Fund continues to be assembled with the conviction that impact investors can realize substantial returns as well as the satisfaction of making a significant difference for patients globally. For more information: http://cavendishimpactcapital.com
About Turner Imaging Systems
Turner Imaging Systems develops and markets X-ray imaging systems that give the user the ability to acquire X-ray images wherever and whenever they are needed. Our latest product, the SMART-C arm, is a fully-functional mini-C-arm system that is battery operated and hand-transportable, improving the way fluoroscopy is performed. Our products expand the reach of X-ray imaging to the underserved and humanitarian efforts around the world. For more information: http://turnerimagingsys.com