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Cleveland Biotech Gets $1.35M

Friday, June 20, 2008

Excerpt of story provided by Crain's Cleveland Business
Written by Chuck Soder


A Cleveland company that is developing a new coil for magnetic resonance imaging scanners has received a $1.35 million investment led by RMS Management Inc. of Cleveland.

Tursiop Technologies LLC will receive $1 million from RMS Management, which provides financial services to the families who founded Cleveland real estate firm Forest City Enterprises Inc. (NYSE: FCEA and FCEB), as well as another $350,000 from Cleveland venture development organization JumpStart Inc...

...JumpStart with this investment has made a total of 41 investments in 30 companies.

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