UAE investors of Crescent Enterprises invested $16 million in US MedTech firms
UAE-based corporate venture arm of Crescent Enterprises Ventures has invested $16 million in two American medtech firms ColubrisMX and XCath.
ColubrisMX is a Houston-based micro-robotic medical device enterprise. XCath is developing steerable robotic microcatheters which will be used in treating cerebral strokes and other endovascular conditions. (Launched in November 2017, Crescent Enterprises Ventures, or CE-V, is the corporate venture arm of Crescent Enterprises. The UAE-based company operates in sectors such as ports and logistics, power and engineering, business aviation and healthcare.) More details here.
Crescent Enterprises is listed in the Middle East Investors Directory with the code SIJ60.
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