Koch Industries Completes Second Stage of Investment in Medical Device Company InSightec

Overall, Koch has invested $100 million in the Israel-based company out of a total equity funding round of $150 million

Koch Industries Inc. has decided to finalize the second stage of its Series E private equity funding round in medical device company InSightec Ltd., InSightec announced Wednesday.

The first stage was closed in December 2017, when Koch Industries led a $90 million round for the Israel-based company in return for Series E preferred stock. The second and final closing of the round was completed for a total sum of $150 million, according to a filing that existing shareholder Elbit Imaging Ltd. submitted Wednesday to the U.S. Securities and Exchange Commission.

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