Xenex Disinfection Services has announced it has received $38 million in funding.
Xenex, based in San Antonio, is the developer of a pulsed xenon full spectrum UV room disinfection system for use in healthcare facilities.
The funding round was led by Essex Woodlands (EW), a healthcare PE firm based in Palo Alto, Calif. EW seeks minority or majority investments in private and public companies with revenues ranging from $20 million to $200 million that are EBITDA-positive or soon to be positive. Typical investment range from $20 million to $80million in equity.
Xenex indicated the funding would be used to support sales force growth, product development, scientific research and international expansion.