Motorika to receive $9.5 million in funding, Globes.com reports
Motorika, the developer of robotics for physical therapy whose US base is in Mount Laurel, will receive $9.5 million in new funding, Israel's Globes reports.
The money will come from a $150 million fund being raised by Migdal Capital Markets Ltd and Morgan Stanley, which in turn will be allocated to MedInvest, which will manage the investments.The funding appears to be in the form of loans rather than equity.
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