When 2020 began, Baltimore-based Galen Robotics was getting ready to raise a Series A round and at least double its about 20-person team, after moving into a new headquarters space in Pigtown. But the challenges of the Covid-19 pandemic caused a slew of unexpected issues for the surgical robot-maker. Bruce Lichorowic, CEO of Galen, said the pandemic caused delays with some of the vendors the company uses to get parts for its robots. In addition, as some venture capitalists focused on shoring up their existing portfolio companies, Galen faced difficulties raising money from new investors.
Galen Robotics is ready to raise money and grow in 2021 after year of delays
March 22, 2021