US$ 11 million Equity raising for Welwaze Medical in the US

US$ 11 million Equity raising for Welwaze Medical in the US for their breast cancer early detection medical device product

Welwaze Medical, formerly Mpower Medical Inc., announced that it raised US$ 11 million through Atlantico Capital Partners LLC, who acted as the exclusive financial advisor to the company.  The financing will be used to fund the construction of an advanced production line which will enable commercialization at a global scale of their medical device product named BreastCare DTS™.

The Transaction has been structured in two phases. A phase one that reached closing in June 2017 amounting to US$ 1.4 million to cover the preliminary development expenses and a phase two in November 2017 following the successful testing of the product amounting to US$ 9.6 million.

About Welwaze Medical

Welwaze Medical, Inc. is a US-based corporation that owns the intellectual property rights, patents, trademarks, and copyrights relating to BreastCare DTS™. BreastCare DTS™, an FDA cleared medical device is a simple, non-invasive, easy -to-use, and affordable test that allows women to safely and painlessly self-screen for breast cancer or breast disease before any symptoms occur.

About Atlantico Capital

Atlantico Capital is an investment banking boutique headquartered in Miami and focused on middle market M&A and structured debt transactions in Latin America, the Unites States and cross border transactions involving Spain and the Americas. In Latin America, Atlantico Capital’s geographical emphasis is on the Andean Pact countries, Central America and the Caribbean.

Nathaniel Felton

Nathaniel Felton is a Vice President at Atlantico Capital. He has 10+ years of experience in the financial markets both in investment and private banking.

Prior to joining Atlantico Capital in 2015, he worked as an investment-banking associate at INTL FCStone securities Inc. (“INTL”), based in Miami as part of the project finance unit. Prior to INTL, he was an associate at Morgan Stanley Private Global Wealth Management based in New York, and was a credit analyst at Dexia Asset Management based in Paris, France.

Nathaniel holds a BA in Business Administration from the American University of Paris and, holds a Masters of Science in Finance from the Zicklin School of Business at Baruch College. He is fluent in English, Spanish, and French.

Marcos Martinez

Marcos Martinez is a Vice President at Atlantico Capital. He has +8 years of experience in investment banking export finance, structured finance, M&A and international trade.

Before joining Atlantico Capital in 2015, he worked as a Financial Analyst at the Structured Trade and Export Finance Department of Santander Bank.

Marcos is a CFA® Charterholder. He holds a Masters degree in International Business Administration from Menendez Pelayo International University and a Masters Degree in Business Strategy from Francisco de Vitoria University. He also holds a Bachelor of Science in Business Administration from Francisco de Vitoria University. He is fluent in English and Spanish.