Funding

Pixee Medical closed a €2MM Series A funding to support global commercialization of augmented reality tools for surgical planning and navigation.

Ortho Solutions secured £2MM (~USD $2.4MM) in funding to develop new ankle fracture and foot plating systems.

The cultivate(MD) Capital Fund of Genesis Innovation Group made an investment in Genesis Software Innovations, developer of software solutions for surgical planning, inventory control/sterilization, data collection, etc.

Alphatec closed its underwritten public offering of ~12.5MM shares of common stock for $4.60/share, receiving gross proceeds of ~US $57.6MM.

Alphatec announced an underwritten public offering of 10.9MM shares of common stock at a price of USD $4.60/share. Net proceeds will support general corporate purposes.

Funding activity in 1H19 spanned all market segments of the orthopedic industry fairly evenly. We tracked 19 announcements, with spine representing five of those; joint replacement, trauma, sports medicine and orthobiologics each representing three and digital health/robotics representing two. We've found that much of the funding surrounds new technology. The list herein recaps 1H19 funding announcements and notes the amount of capital, when available, its intended use and the investor.

Panther Orthopedics closed a Series B financing and has expanded clinical use of its PUMA dynamic fixation system.