Overseas firm working with area accelerator nets $1 million investment

TAMPA — Israeli medical device company UC-Care, part of the Tampa-based Florida-Israel Business Accelerator’s 2018 cohort, has landed a $1 million investment from Florida Funders, a group that backs early-stage tech companies in Florida.

According to a press release, Tampa-based real estate developer and FIBA board member David Scher led the funding effort.

“I’m always interested in innovative technologies from Israel,” Scher states in the release. “The UC-Care technology for better diagnosis of prostate cancer was interesting to me personally and as an investment vehicle. Thanks to the Florida Funders platform, I was able to bring together a group of investors who don’t usually invest in technology. Together, we raised capital for UC-Care to help the company grow its market share in the U.S. and beyond.” Read more at Business Observer.

Article by Business Observer.