Insightec aims for $150M in series F round

Tirat Carmel, Israel-based Insightec Ltd. has inked a deal for a series F financing of up to $150 million led by Koch Disruptive Technologies (KDT), a subsidiary of Koch Industries. 

The round, which has a post-money valuation of $1.3 billion, is earmarked for continued study of the company’s low-intensity, focused ultrasound technology in treating certain movement disorders.

KDT, which is making its second direct investment in Insightec, has pledged $100 million in the round, which is scheduled to close March 18. The remaining funds will be invested at a later closing.

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