Israel's InSightec raises $30 mln venture capital

JERUSALEM, Nov 29 (Reuters) - Israeli ultrasound technology company InSightec Ltd said on Thursday it had raised $30 million in a private funding round including General Electric's (GE.N) venture capital unit.

InSightec, founded in 1999, raised the capital through its existing investors including GE Capital Equity Holdings Inc, Elbit Imaging Ltd (EMITF.O) and MediTech Advisors LLC, as well as directors and managers of the company, it said in a statement.

The financing will be the form of preferred shares, which are convertible to InSightec's ordinary shares. The investment will allow acceleration of the technical and clinical research for oncology applications providing improved care for patients around the world, Kobi Vortman, InSightec's president and chief executive said in a statement.

The company had previously raised $85 million in various funding rounds. (Reporting by Sergio Tjong-Alvares, editing by Steven Scheer)