Opthonix Raises $5.4M

Xconomy San Diego — 

Vista, CA-based Ophthonix, which has developed a laser-based diagnostic machine to precisely measure eyes for its proprietary iZon corrective lenses, has raised almost $5.4 million of a targeted $12.1 million financing round involving equity, rights, and securities, according to a regulatory filing.

Ophthonix sells its diagnostic machine, the Z-View Aberrometer, to eye doctors. It also uses proprietary technology at its headquarters in Vista, about 42 miles north of San Diego, to make corrective lenses as prescribed by its diagnostic machines. The company raised $7.5 million in its initial round of venture funding in 2002 from San Diego’s Enterprise Partners and Kleiner Perkins Caufield & Byers of Menlo Park, CA.

VentureWire, which first reported the latest round, says Ophthonix’s previous fundraising totaled $77 million, with investors ranging from DAG Ventures to Gund Investment Corp., InterWest Partners, Trex Enterprises, and Wasatch Advisors’ Cross Creek Capital Fund.