Thursday, December 19, 2013

Encore Vision Finds $5.0M In Funding

Fort Worth-based Encore Vision, one of the companies in the Tech Fort Worth accelerator, said this morning that it has raised $5.0M in an angel funding round. The funding came from the Cowtown Angels, along with other angel investors. According to the company, the funding will go towards further development and Phase 2 clinical trials for its product, which is an eye drop treatment for presbyopia. The company says its major goal for its product is to reduce dependence on bifocals or reading glasses. Encore Vision is led by Bill Burns. The funding is apparently the largest investment so far for the Cowtown Angels.