Funding

December 7, 2021

Circinus Medical Secures Series A Funding

Circinus Medical Secures Series A Funding
The infusion will support commercialization of the Bolt Navigation System for spine surgeries.
November 8, 2021

HAPPE Spine Closes Series A Capital Raise

HAPPE Spine Closes Series A Capital Raise
HAPPE's orthopedic material platform transforms PEEK into a hydrophilic, bioactive, osteointegrating material.
October 20, 2021

18 Orthopedic Companies Gain Funding

18 Orthopedic Companies Gain Funding
We recap 18 funding announcements that took place since June 2021. Many of the companies are familiar names with previously-closed funding rounds.
October 20, 2021

IPO Landscape Favorable for Orthopedic Players

IPO Landscape Favorable for Orthopedic Players
Three companies – Treace Medical Concepts, Bioventus and Paragon 28 – made the leap in 2021. Market conditions could induce more to go public in 2022.

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October 18, 2021

Paragon 28 Announces Pricing of Initial Public Offering

Paragon 28 Announces Pricing of Initial Public Offering
Paragon 28 is focused on orthopedic solutions, procedural approaches and instrumentation cover a wide range of foot and ankle ailments.
October 15, 2021

Ganymed Robotics Awarded a €2.5 Million Grant

Ganymed Robotics Awarded a €2.5 Million Grant
Funds will support development of its next generation surgical robot for orthopedics. Its first application is for knee replacement.
October 14, 2021

Intelligent Implants Gains Financing

Intelligent Implants Gains Financing
The company's SmartFuse technology platform was designed to remotely stimulate, control and monitor bone growth.
October 4, 2021

CoreBone Raises Funds for Bioactive Bone Graft

CoreBone Raises Funds for Bioactive Bone Graft
The investment will be used to extend CoreBone's commercial global presence, primarily in China, with coral-based bone graft.
September 27, 2021

Paragon 28 Files for $100 Million IPO

Paragon 28 Files for $100 Million IPO
Paragon 28 is focused on orthopedic solutions, procedural approaches and instrumentation cover a wide range of foot and ankle ailments.
September 7, 2021

Locate Bio Closes £10 Million Funding Round

Locate Bio Closes £10 Million Funding Round
Proceeds will further advance the company's regenerative medicine pipeline of orthobiologic products.
September 1, 2021

Onkos Surgical Raises $15 Million in Funding

Proceeds will support development, commercialization and manufacturing growth in surgical solutions for musculoskeletal oncology and complex orthopedics.
August 10, 2021

WishBone Medical Receives $10 Million in Growth Capital

WishBone Medical Receives $10 Million in Growth Capital
The funding will support product development and manufacturing to meet increasing market demand for pediatric orthopedic devices.
August 5, 2021

Embody Announces $20.5 Million Funding Round

Embody Announces $20.5 Million Funding Round
The funds will support postmarket clinical studies of the Tapestry Biointegrative impland and launch of the RCR for rotator cuff repair.
July 7, 2021

Osso VR Raises $27 Million in Series B Funding

Osso VR Raises $27 Million in Series B Funding
The company's immersive surgical training platform pairs high fidelity experiences with cinematic visuals for evidence-based performance improvement.
June 25, 2021

Indago Rebrands to Lazurite, Raises Funding

Indago Rebrands to Lazurite, Raises Funding
Funds will support pre-submission testing of the ArthroFree transformative wireless camera system.
June 21, 2021

MatOrtho Gains Funding to Support Growth

MatOrtho Gains Funding to Support Growth
Private investor clients of Connection Capital, the specialist private client investment business, have invested £6.7 million (~USD $9.4 million) in MatOrtho, to support its international growth and product development....
June 21, 2021

Enhatch Raises Funding to Support Intelligent Surgery

Enhatch Raises Funding to Support Intelligent Surgery
In coming months, Enhatch will announce key product enhancements that will accelerate the automation and adoption of patient specific technologies.
June 1, 2021

PeekMed Raises Funding to Support International Expansion

PeekMed Raises Funding to Support International Expansion
PeekMed seeks to growth in Europe and North America, and proceeds will also focus on further development of 3D AI planning and Deep Learning.
May 20, 2021

2 Orthopedic Companies Go Public in 2021

2 Orthopedic Companies Go Public in 2021
Bioventus and Treace Medical Concepts are two very different companies seeking to be leaders within their respective spaces.
March 30, 2021

Augmedics Raises $36 Million in Series C Round

Augmedics Raises $36 Million in Series C Round
In 2019, Augmedics announced FDA clearance and U.S. launch of xvision Spine, an augmented reality surgical image guidance system.
March 30, 2021

Amplicore Closes Seed Funding Round

Amplicore Closes Seed Funding Round
The $4 million investment will support the company as it develops injectable products to treat osteoarthritis and meniscal tears.
March 4, 2021

ALM Ortho Closes Seed Round

ALM Ortho Closes Seed Round
The company is scaling to meet demand for additively-manufactured, patient-matched orthopedic devices.
January 26, 2021

Life Spine Gains Investment Partner

Life Spine Gains Investment Partner
Granite Creek's investment in Life Spine enables the company to aggressively pursue its growth initiatives.
January 13, 2021

Startup Blue Ocean Spine Gains Investment Backing

Startup Blue Ocean Spine Gains Investment Backing
Germany-based Blue Ocean is developing ALIF and lateral fusion cages built with additive manufacturing techniques.
January 5, 2021

Canary Medical Gains Venture Support for Sensor Technology

Canary Medical Gains Venture Support for Sensor Technology
The company has developed implantable sensor technology for real-time monitoring and feedback for total knee replacements for physicians and patients.
October 22, 2020

WishBone Medical Completes $20 Million Equity Round

WishBone Medical Completes $20 Million Equity Round
The new financing allows the company to fulfill rising demand for single-use procedure kits for children with orthopedic issues.
September 28, 2020

Spinal Elements Files for $100 Million IPO

Spinal Elements Files for $100 Million IPO
The company posted 2018 and 2019 revenue of $90.8 million and $95.9 million, respectively, growing +5.6% year over year.
September 21, 2020

Osso VR Closes Series A Funding for VR-Based Surgical Training

Osso VR Closes Series A Funding for VR-Based Surgical Training
With Osso VR's virtual reality surgical training curriculum, surgeons can train and assess themselves on the workflow of procedures at their own pace.
September 15, 2020

7D Surgical Closes Financing for Machine-Vision Technology

7D Surgical Closes Financing for Machine-Vision Technology
Financing will provide 7D with the capital to grow existing operations, further develop new products and continue its expansion into international markets.
September 14, 2020

Spine Align Raises $1.75 Million Series Seed Round

Spine Align Raises $1.75 Million Series Seed Round
The round supports development and FDA 510(k) clearance for the LiveAlign system in 2021. The platform augments surgery with digital feedback.
September 14, 2020

NovoPedics’ MeniscoFix Granted Breakthrough Device Designation

NovoPedics’ MeniscoFix Granted Breakthrough Device Designation
The designation and funding from the U.S. DoD will accelerate R&D for the mechanically functional total meniscus replacement that is resorbed by the body.
September 9, 2020

Biorez Raises $3.5 Million to Advance Tendon and Ligament Repair

Biorez Raises $3.5 Million to Advance Tendon and Ligament Repair
The company developed BioBrace material to augment and reinforce a range of tendon and ligament procedures, like rotator cuff repair and ACL reconstruction.
August 27, 2020

ExsoMed Completes Second Financing Round

ExsoMed Completes Second Financing Round
Proceeds will drive ExsoMed's fracture repair products for the hand, including launches scheduled for late 2020 and early 2021.
August 25, 2020

DiscGenics Raises $50 Million in Series C Funding

DiscGenics Raises $50 Million in Series C Funding
The company will use the capital to support ongoing clinical trials of its injectable Discogenic Cell Therapy (IDCT) for lumbar degenerative disc disease.
August 21, 2020

Garwood Medical Devices Announces Series C Funding

Garwood Medical Devices Announces Series C Funding
The $4 million round will support additional preclinical testing for the BioPrax device to eliminate biofilm infections on prosthetic joints.
July 22, 2020

CurvaFix Closes $10.75 Million Financing Round

CurvaFix Closes $10.75 Million Financing Round
Proceeds will support completing the RESTORE Clinical Study and beginning commercialization activities for the CurvaFix Rodscrew.
July 16, 2020

Bioventus Invests $15 Million in CartiHeal

Bioventus Invests $15 Million in CartiHeal
Bioventus has an agreed option structure to acquire CartiHeal upon milestone achievements, such as FDA approval of the Agili-C implant.
July 15, 2020

KAHTNU Surgical Gains $2 Million in Funding

KAHTNU Surgical Gains $2 Million in Funding
The company also partnered with Ortho Consulting Group to establish and support KAHTNU Surgical sales channels outside the U.S.
June 24, 2020

Carlsmed Raises Funds to Support aprevo System

Carlsmed Raises Funds to Support aprevo System
The financing supports clinical launch of the aprevo system, which makes surgical plans and devices tailored to the needs of each patient.
June 17, 2020

Proprio Raises $23 Million for Surgical Navigation

Proprio Raises $23 Million for Surgical Navigation
The Proprio system integrates robotics, artificial intelligence and computer vision to simplify surgical workflow, improve accuracy and reduce radiation.
June 15, 2020

Augmedics Secures $15 Million Series B Financing

Augmedics Secures $15 Million Series B Financing
U.S. employees formed a limited liability company to raise a portion of the financing to support the launch of xvision AR technology.
May 15, 2020

Neo Medical Raises Funding for Growth in Spinal Fusion

Neo Medical Raises Funding for Growth in Spinal Fusion
Neo Medical has developed a universal surgical platform, including five instruments and fourteen implants covering most spine indications.
May 5, 2020

Embody Raises Funds for Soft Tissue Repair Technology

Embody Raises Funds for Soft Tissue Repair Technology
Funds will support commercial launch and postmarket clinical studies of Tapestry to treat Achilles tendon and ligament injuries.
April 29, 2020

Bone Therapeutics Secures EUR 11.0 Million Financing

Bone Therapeutics Secures EUR 11.0 Million Financing
Funds will support studies of ALLOB allogeneic cell therapy to treat difficult tibial fractures and JTA-004 protein to treat for osteoarthritic knee pain.
April 14, 2020

Axis Spine Secures New £0.8 Million Funding

Axis Spine Secures New £0.8 Million Funding
The company has developed a range of spinal implants and expects to receive initial FDA clearance in May 2020.
March 31, 2020

OrthoSpin Raising up to $5 Million in Funding

OrthoSpin Raising up to $5 Million in Funding
OrthoSpin raised USD $5 million in a Series B financing for its robotic, digitally enabled external fixation system.
February 25, 2020

Viseon Closes $18 Million Financing

Viseon Closes $18 Million Financing
Viseon closed a USD $18 million Series B financing. Proceeds will support development and commercialization of the company's visualization and illumination technologies for minimally invasive spine surgery.
February 20, 2020

restor3D Raises $4.3 Million in Equity Funding

restor3D Raises $4.3 Million in Equity Funding
restor3D raised USD $4.4 million in equity. The company develops 3D-printed implants, and entered into a development and licensing agreement with SeaSpine in late 2019.
January 14, 2020

Embody Gains Additional Funding for ACL Repair

Embody Gains Additional Funding for ACL Repair
Embody is receiving a $2.5 million Phase II research award. Funds will support development and clinical assessment of collagen-based MICROBRACE™ ACL technology for anterior cruciate ligament repair.
December 20, 2019

Naviswiss Receives New Funding

Naviswiss Receives New Funding
Naviswiss closed a CHF 5 million (USD $5 million) round of private equity funding to support product development and entrance into new markets with its surgical navigation for joint replacement procedures.
December 18, 2019

BioPoly Oversubscribes $2 Million Private Equity Offering

BioPoly Oversubscribes $2 Million Private Equity Offering
BioPoly fully subscribed its latest round of private equity financing of US $2 million. The round includes oversubscription funding of $890,000. 
December 17, 2019

Parvizi Surgical Innovation Invests in Hip Surgery Navigation

Parvizi Surgical Innovation Invests in Hip Surgery Navigation
Parvizi Surgical Innovation made a minority investment in Navbit, developer of a disposable, single-use surgical navigation system to support accurate positioning of the acetabular cup during hip replacement. 
November 19, 2019

aap Gains Funding to Support Antibacterial Silver Coating Technology

aap Gains Funding to Support Antibacterial Silver Coating Technology
aap Implantate received a funding commitment of up to €0.7 million (~USD $0.8 million) to conceive and qualify a human clinical study to support market approval of its antibacterial silver coating technology.
October 8, 2019

Spineology Raises $7MM in Equity

Spineology Raises $7MM in Equity
Spineology raised $7MM of a potential $16MM round of equity funding.
October 1, 2019

Pixee Medical Gains Funding for Augmented Reality Tools

Pixee Medical closed a €2MM Series A funding to support global commercialization of augmented reality tools for surgical planning and navigation.
August 20, 2019

cultivate(MD) Invests in Genesis Software Solutions for Orthopedics

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.
August 13, 2019

Loci Orthopaedics Gains Funding for Thumb Base Joint Implant

Loci Orthopaedics Gains Funding for Thumb Base Joint Implant
Loci Orthopaedics was awarded a grant of €2.5MM (~USD $2.8MM) to support commercialization of the InDx implant to treat arthritis of the thumb base joint.
August 5, 2019

Alphatec Closes Public Stock Offering

Alphatec closed its underwritten public offering of ~12.5MM shares of common stock for $4.60/share, receiving gross proceeds of ~US $57.6MM.
July 25, 2019

Orthopedic Funding Covers Breadth of Industry in 1H19

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.
June 27, 2019

Panther Orthopedics Closes Financing

Panther Orthopedics closed a Series B financing and has expanded clinical use of its PUMA dynamic fixation system.
June 25, 2019

Fusion Robotics Gains Funding to Support Spinal Robotics System

Fusion Robotics closed a financing round for an undisclosed sum. Proceeds will support regulatory clearance and future commercialization of the company's spinal robotics platform.
June 21, 2019

Royal Biologics Gains Funding

Royal Biologics, developer of products for regenerative medicine, received funding to support employee onboarding, operational growth, product development and acquisitions. 
June 11, 2019

InGeneron Increases Series D Financing

InGeneron has extended its Series D financing to USD $43MM to bring regenerative cell therapy for rotator cuff tears into clinical use.
April 24, 2019

ApiFix Completes Series B Financing

ApiFix completed its Series B financing round and is preparing for U.S. commercial launch of its MID-C System to treat pediatric scoliosis.
April 11, 2019

Barricaid Completes $52MM Financing to Support Barricaid

Intrinsic Therapeutics completed a US $52MM equity financing. Proceeds will support U.S. commercialization of the Barricaid® anular closure device.
April 11, 2019

HAPPE Spine Announces Second Financing Round

HAPPE Spine received a second round of financing. The company is developing material technology that allows for the construction of partial or fully porous hydroxyapatite-reinforced PEEK implants.
April 9, 2019

Alphatec Secures Additional $30MM Funding

Alphatec will receive US $30MM in secured debt financing from Squadron Capital. Proceeds will support company growth.
March 28, 2019

Hyalex Orthopaedics Increases Series A Total to $33MM

Hyalex Orthopaedics, developer of HYALEX synthetic polymer that is designed to mimic hyaline cartilage, grew its original Series A funding to US $33MM. 
March 22, 2019

Graftys Completes Capital Raise for Expansion

Graftys completed a ‚¬4.1MM (~US $4.6MM) funding round. Proceeds will support commercialization of QuickSet cement and HBS injectable calcium phosphate bone graft substitute.
March 12, 2019

Magnesium Development Company Gains Funding

The Magnesium Development Company received an investment from the cultivate(MD) Capital Fund II. MDC is developing a resorbable magnesium alloy technology with application in numerous orthopedic implantable devices.
March 11, 2019

OSSIO Secures $22MM Financing

OSSIO closed a US $22MM equity financing that will support commercialization of OSSIOfiber bone pin technology.
March 5, 2019

Embody Receives Additional Funding for Soft Tissue Repair

Embody received US $3.6MM to support pre-launch and pre-commercial activities for the Tapestry collagen-based microfiber implant, used in Achilles tendon and rotator cuff repairs.
January 14, 2019

Trice Medical Closes $18.3MM Financing Round

Trice Medical closed a US $18.3MM Series C Extension financing round. Funds will support worldwide commercialization of mi-eye 2 and mi-ultra minimally invasive orthopaedic diagnostic tools, as well as product development.
January 11, 2019

Rejoint Gains €3MM Grant

Rejoint received a €3MM grant to support commercialization of the personalized YourKnee total knee replacement system.
January 7, 2019

SpineEx Withdraws $17MM IPO

SpineEx, developer of an expandable device for minimally invasive lateral lumbar interbody fusion, withdrew its plans for a US $17MM initial public offering late in 4Q18.
December 12, 2018

EDGe Surgical Secures US $4MM in Series A Funding

EDGe Surgical closed a US $4MM round of Series A financing to fund commercialization of both its single-use electronic depth gauge and future products.
November 26, 2018

OsteoCentric Gains Funding to Support Bone Fixation Device

OsteoCentric raised US $12MM in secured debt financing. Proceeds will support acquisition of implant and instrument sets for use with a bone fixation product based on Unifi technology.
November 7, 2018

Titan Spine Closes Funding Round

Titan Spine closed a round of Series B financing for an undisclosed amount. Proceeds will support product line additions, sales team expansion and accelerated R&D initiatives.
October 23, 2018

Shoulder Innovations Closes $2.5MM Funding

Shoulder Innovations closed a US $2.5MM round of funding to support new product development and growth of its inset glenoid platform technology.
October 22, 2018

SI-BONE Closes Initial Public Offering

SI-BONE closed its previously-announced initial public offering of 8,280,000 shares of common stock, priced at US $15 per share. The company is now trading on Nasdaq with the ticker symbol SIBN.
October 11, 2018

SeaSpine Prices $50MM Public Offering of Stock

SeaSpine closed its underwritten public offering of 3,250,000 shares of its common stock for US $15.50/share, for gross proceeds of ~$50.4MM.
October 1, 2018

aap Receives Funding for Antibacterial Silver Coating Technology

aap Implantate will receive federal funding in Germany to pursue human clinical study of antibacterial silver coating technology that may inhibit bacterial growth on the surface of an implant.
September 21, 2018

SI-BONE Files for Proposed IPO

SI-BONE publicly filed for a proposed IPO, and applied to list on NASDAQ as SIBN. Proceeds will primarily support commercialization activities for the iFuse implant for treatment of SI joint dysfunction.
September 20, 2018

Providence Medical Technology Secures $25MM in Equity Financing

Providence Medical Technology closed US $25MM in new equity financing. Proceeds will support market expansion and clinical development of DTRAX® posterior cervical fusion instruments.
September 19, 2018

SpineEx Files for $17MM IPO

SpineEx filed to raise up to US $17MM in an initial public offering to support commercialization of spinal devices, including an expandable cage for lateral lumbar fusion.
September 17, 2018

MIACH Orthopaedics Secures $22.5 Million to Support ACL Implant

MIACH Orthopaedics completed US $22.5MM in financing to support manufacturing and continue clinical trials for the Bridge-Enhanced® ACL Repair (BEAR®) implant, designed to stimulate healing of torn anterior cruciate ligaments.
September 4, 2018

Embody Raises Funding for Soft Tissue Repair

Embody raised US $1.5MM to support development of a biologic implant for tendon and ligament repair.
August 22, 2018

Nanovis Completes $5.5MM Funding Round

Nanovis completed a US $5.5MM funding round. Proceeds will support sales and distribution of FortiCore® interbody fusion devices.
July 23, 2018

JNJ Leads $3MM Round for OrthoSpin Robotic ExFix System

OrthoSpin completed a US $3MM investment round for its smart robotic external fixation system. Johnson & Johnson Innovation - JJDC led the round. 
July 18, 2018

1H18 Funding Recap: Where’d They All Go?

Of the 10 companies that announced funding in the first half of the year, just four focus on traditional hardware. Others include biologics, artificial ligaments and software to support device customization.
July 16, 2018

Cerapedics Closes $22MM Financing

Cerapedics completed a US $22MM financing. Proceeds will support commercialization and a U.S. lumbar trial of i-FACTOR bone graft.
July 16, 2018

Artoss Completes $1MM Funding Round

Artoss completed a US $1MM funding round. Proceeds will support development of new NanoBone® bone graft products for the U.S. market, regulatory requirements and commercialization.
June 7, 2018

3D-Side Gains Capital to Support Customized Devices

3D-Side received a ‚¬3MM capital increase to support launch of Customize, a web-based SaaS for mass customization of medical devices.
June 6, 2018

Vericel Closes $74.8MM Public Offering

Vericel closed its underwritten public offering of 5,750,000 shares of is common stock for $13/share, for gross proceeds of ~US $74.8MM. 
June 1, 2018

Vericel Prices $65MM Public Offering of Stock

Vericel, developer of MACI® autologous cultured chondrocytes for cartilage repair, priced its underwritten public offering of 5MM shares of common stock at $13/share.
May 24, 2018

Micro C Imaging: Conversations with Chief Medical Executives

Startup company Micro C Imaging is entering the fluoroscopy space by developing a hand-held x-ray and digital imaging device no larger or heavier than a digital camera.
March 26, 2018

Medartis Raises $151MM in Initial Public Offering

Medartis raised a total of CHF 142.6MM, including an over-allotment of shares, in its IPO. Funds will support the company's strategic growth initiatives.
March 6, 2018

Biorez Closes Financing, Prepares for Human Testing

Biorez closed a US $1.5MM funding and affirmed plans for 2019 launch of human clinical studies with a scaffold that may eliminate the need to harvest a patient's tendon for ACL reconstruction.
March 1, 2018

Micro C Imaging Adds to its Funding

Micro C Imaging, developer of a portable extremity imaging system, has increased its seed investment to US $2.2MM. 
February 9, 2018

Simplify Medical Closes Financing Totaling $44 Million

Simplify Medical closed an additional US $23.3MM in a Series B financing, for a total $44.3MM raised. Funds will support ex-U.S. commercialization and U.S. clinical trials studying the Simplify® cervical disc.
January 4, 2018

Conventus Orthopaedics Receives $12MM Venture Loan

Conventus Orthopaedics closed a US $12MM venture loan. Funds will support commercialization of Nitinol-based cage technology, used to treat periarticular fractures.
January 3, 2018

Articulus Bio Gains Funding, Focusing on Total Ankle Replacement

Articulus Bio received an undisclosed amount of funding that will support development of a total ankle replacement specifically addressing the issue of wear debris.
November 15, 2017

Diamond Orthopedic Gains Funding for Faceted Bone Screw

Diamond Orthopedic closed a US $3.5MM seed round of equity funding. The company has exclusive rights to market FDA-cleared cortical, cancellous, headless compression and external fixation screws based on faceted threadform technology.
November 15, 2017

NIAMS Grant to Support Device Surface Coating Research

Numerate, a drug design company, was awarded a grant by NIAMS to investigate compounds for surface coating of orthopaedic implants.
October 9, 2017

AxioMed Opens $10MM Funding Round

AxioMed opened a US $10MM second funding round to support its multi-level cervical disc IDE as well as expanded commercialization activity.
October 2, 2017

OrthoPediatrics Launches IPO

OrthoPediatrics launched its initial public offering of 4MM shares of common stock, with a proposed offering price of $12-$14/share.
September 27, 2017

OrthAlign Raises $10MM in Series D

OrthAlign raised US $10MM in a Series D financing round, to support development of partial knee and total hip applications for orthopaedic surgical navigation, commercialization activities, etc.
September 26, 2017

Viseon Spine Closes $5 Million Series A Financing

Viseon Spine closed a US $5.0MM Series A financing. The company is developing single-use, disposable visualization and illumination technologies for minimally invasive spine procedures.
September 26, 2017

DiscGenics Raises $14 Million for Injectable Cell Therapy

DiscGenics closed a US $14MM Series B financing. Funds will support regulatory approvals and manufacturing ramp-up for Phase III clinical and commercial production of its cell therapy for treatment of degenerative disc disease.
September 14, 2017

Spineology Receives $5MM Investment

Spineology received a US $5MM investment that will support commercialization, product development and clinical research.
August 29, 2017

Orthopaedic Supplier M&A Boosted by Private Equity Backing

Supplier companies have been involved in 17 of the 33 mergers and acquisitions that have closed in the orthopaedic space as of August 15, according to our tracking of activity. This activity comes in direct response to device company consolidation.
July 11, 2017

Carmell Therapeutics Closes $4MM Series B Funding

Carmell Therapeutics closed a US $4MM Series B financing. Funds will support Phase III clinical development of the company's Bone Healing Accelerant product.
June 28, 2017

Intellirod Spine Acquires New Financing and IP

Intellirod Spine raised additional equity financing from new and existing investors to support the commercialization of sensor technologies and related lumbar fusion implants.
June 21, 2017

BONESUPPORT Completes IPO

BONESUPPORT commenced trading on Nasdaq Stockholm following completion of its IPO.
June 20, 2017

Medicrea Raises €13MM Through Private Placement

Medicrea raised €13.0MM (~US $14.5MM) in a private placement. Funds will support development of the UNiD™ Adaptive Spine Intelligence platform and commercialization of a new range of 3D-printed titanium interbody cages.
June 12, 2017

Vertos Medical Completes $28 Million Financing Round

Vertos Medical completed a US $28MM financing round. Funds will support commercialization of the mild® outpatient procedure for the minimally invasive treatment of stenosis.
June 8, 2017

ASC Biosciences to Receive $1.5MM Funding for Stem Cell Platform

ASC Biosciences partnered with Stem Cell Development Fund to receive US $1.5MM to support development and marketing of its Multipotent Adult Stem Cell platform.
June 6, 2017

Trice Medical Closes $19MM Financing

Trice Medical closed a US $19.3MM Series C financing. Funds will support U.S. marketing and ex-U.S. regulatory approvals for the mi-eye2™ system.
June 5, 2017

AMB Surgical Developing Flyte Automated Growing Rod

AMB Surgical received an investment to support prototype development of the Flyte Automated Growing Rod for the treatment of juvenile scoliosis, traumatic injuries, etc.
June 1, 2017

Arthromeda Closes Series D Funding for ArthroSight-PS

Arthromeda closed an undisclosed Series D financing to support the ArthroSight-PS Hip Alignment System through commercial regulatory approvals and clinical validation. 
May 31, 2017

Hyalex Orthopaedics Raises $16 Million Series A Financing

Hyalex Orthopaedics raised US $16MM in a Series A financing. The company is developing HYALEX™ synthetic polymer that is designed to mimic hyaline cartilage.
May 15, 2017

Orthonika Secures Funding to Support Synthetic Meniscus Replacement

Orthonika closed a £0.7MM (~US $0.91MM) investment round. Funds will support biomechanical testing and a preclinical pilot trial of MenisciKnit™, a novel synthetic total knee meniscus replacement.
May 10, 2017

Intrinsic Therapeutics Closes $49MM Financing

Intrinsic Therapeutics closed a US $49MM round of financing, which will support global commercialization of the Barricaid Anular Closure Device.
May 9, 2017

Conventus Orthopaedics Raises $20MM

Conventus Orthopaedics completed a US $20MM equity financing. Funds will support commercialization of proximal humerus fracture repair technology and the development of the Conventus Cage™ intramedullary implant.
May 8, 2017

CartiHeal Raises $18.3 Million

CartiHeal closed a US $18.3MM financing round, supporting the recently-approved IDE clinical trial of the Agili-C™ implant.
April 24, 2017

Cerapedics Receives $20 Million Senior Debt Facility

Oxford Finance closed a US $20MM senior secured term loan with Cerapedics. Proceeds will support commercialization of i-FACTOR bone graft for ACDF and fund an FDA study on its application in TLIF.
April 10, 2017

Ortho Kinematics Closes $18.6 Million Series D Equity Financing

Ortho Kinematics closed a US $18.6MM Series D equity financing. Funds will support development and commercialization of Vertebral Motion Analysis technology for radiographic assessment of spinal instability and alignment.
March 28, 2017

Series A Investment in Panther Orthopedics

Medeon Biodesign closed a Series A investment in Panther Orthopedics, a start-up developing devices for dynamic fracture fixation in the extremities.
March 23, 2017

Alphatec Announces $18.9 Million Private Placement

Alphatec Spine entered into a definitive securities purchase agreement to raise ~US $18.9MM in a private placement.
March 16, 2017

Active Implants Secures First Tranche of $40 Million Equity Financing

Active Implants completed the first US $10MM tranche of a $40MM Class D Units financing. Funds will support two ongoing clinical trials of the NUsurface® Meniscus Implant.
March 8, 2017

Vertiflex Completes $40 Million Financing Round

Vertiflex will use funds from a US $40MM financing round to support U.S. commercial expansion of the Superion® Indirect Decompression System.
February 6, 2017

Micro C Secures Seed Funding

Micro C secured US $0.7MM in seed funding. Proceeds will support 2Q17 milestones such as prototype build, testing, FDA submission and launch activities for its portable extremity imaging system. 
January 20, 2017

2016 Funding Recap

The majority of 2016 investments came in from venture firms, though Johnson & Johnson, Medtronic, Musculoskeletal Transplant Foundation and Orthofix also backed certain financing deals. Similar to recent years, the spine market was the largest target for funding.
January 10, 2017

Cartiva Secures $8.5MM Funding

Cartiva secured US $8.5MM in a Series E financing. Proceeds will support commercialization of the Synthetic Cartilage Implant for treatment of great toe arthritis.
December 19, 2016

Providence Medical Closes $10.5 Million Financing

Providence Medical Technology closed a US $10.5MM new equity financing round. Proceeds will support commercialization and expansion of cervical fusion products.
December 7, 2016

Abyrx Closes $10MM Financing

Abyrx completed a US $10MM equity financing. Funds will support commercialization of bone putty products and pipeline development activities.   
December 1, 2016

OrthoSpace Closes $7 Million Equity Financing Round

OrthoSpace closed a US $7MM equity financing round. Funds will support an ongoing U.S. IDE study and ex-U.S. commercialization for the InSpace™ rotator cuff repair balloon.
November 28, 2016

ApiFix to Close $5MM Funding

By the end of 2016, ApiFix is slated to close a $5MM Series B funding round, in which Aesculap is investing $2.8MM.
November 28, 2016

MinInvasive Update: New Financing, Strategic Partnership with MicroPort Scientific

MinInvasive, developer of the OmniCuff™ for rotator cuff repair, entered into a strategic partnership and financing round with MicroPort Scientific, which will exclusively distribute OmniCuff in China.
October 27, 2016

BONESUPPORT Raises $37MM to Support Cerament

BONESUPPORT raised SEK 327MM (~US $37MM). Funds will support clinical data collection, product pipeline development and expansion of CERAMENT sales in existing and new markets.
October 26, 2016

KB Medical Closes Series B Financing

KB Medical raised CHF 2.5MM (~US $2.51MM) in a Series B Financing. Funds will support FDA clearance for the AQrate™ Robotic Assistance System V 1.2 for spinal surgery.
October 12, 2016

Titan Spine Raises $7.5 Million

Titan Spine raised US $7.5MM in Series D financing to support commercialization of nanoLOCK surface interbody devices.
October 11, 2016

Relievant Medsystems Secures $36 Million for INTRACEPT

Relievant Medsystems secured US $36MM in equity financing. Proceeds will support clinical studies, portfolio expansion and commercialization of the INTRACEPT® Intraosseous Nerve Ablation System.
September 30, 2016

Histogenics Closes $30.0 Million Private Placement

Histogenics closed its previously-announced US $30.0MM private placement. Funds will support development of NeoCart® novel cartilage repair therapy, including completion of the ongoing Phase III clinical trial.
September 29, 2016

Cerapedics Closes $11 Million Series D Financing

Cerapedics completed a US $11MM Series D financing to support expanded commercialization of i-FACTOR™ Peptide Enhanced Bone Graft.
September 20, 2016

Spineart Secures Investment

Spineart secured a 30MM (~US $33MM) investment. Proceeds will support sales, geographical expansion in markets such as the U.S. and Europe and product development.
September 16, 2016

Histogenics Announces $30.0MM Private Placement

Histogenics seeks to raise ~US $30.0MM in a private placement. Net proceeds will support development of NeoCart® cartilage repair therapy, including completion of an ongoing Phase III clinical trial.
September 13, 2016

Lattice Biologics Raises $0.75MM in Private Placement

Lattice Biologics closed a private placement for gross proceeds of up to US $0.75MM to fund M&A and the acquisition of donors to support production of an amniotic fluid product for regenerative use. The novel regenerative therapeutic will target osteoarthritis, spine, sports-medicine, foot/ankle and other indications. 
September 6, 2016

Catalyst OrthoScience Receives $0.93MM Investment

Tamiami Angel Fund II invested US $0.9MM in Catalyst OrthoScience, developer of a shoulder resurfacing system. 
August 16, 2016

Rotation Medical Completes $12MM Series B Financing

Rotation Medical completed a US $12MM Series B extension financing. Proceeds will support U.S. commercialization of its rotator cuff repair system, comprising a proprietary bioinductive implant and disposable instruments. 
August 10, 2016

Medicrea’s €20MM Financing to Support Patient-Specific UNiD Rods

Medicrea entered into agreements to raise €20MM (~US $22.4MM) to support commercialization of UNiD™ Patient-Specific Rods in the U.S. and new ex-U.S. markets.
July 29, 2016

Bioventus Postpones IPO

Bioventus is reported to have delayed its US $150MM initial public offering. 
July 26, 2016

Intellirod Spine Raises Over $1MM

Intellirod Spine raised >US $1.0MM in additional equity financing. Funds will be used to reach key milestones toward commercialization of sensor technologies and lumbar fusion implants. 
July 5, 2016

Amedica Prices $11 Million Public Offering

Amedica priced an underwritten public offering for gross proceeds of US $11MM, prior to various deductions. Closing is expected to occur by 7/8/16.
July 1, 2016

Bioventus Files for $150MM IPO

Bioventus registered for an initial public offering at a placeholder amount of $150MM.
June 24, 2016

Investors Talk Technology, People and Funding Fundamentals

Investors continue to tout healthcare IT as a strong space for funding, yet most of the backing in orthopaedics is focusing on traditional technologies.
June 20, 2016

SI-BONE Closes $20MM Round of Growth Financing

SI-BONE closed a US $20MM round of growth capital financing. Proceeds will support U.S. sales expansion and R&D to develop new products to treat the SI joint.
June 17, 2016

OrthoPediatrics Files for $75MM IPO

OrthoPediatrics filed to raise up to US $75MM in an initial public offering. The company plans to list on the NASDAQ under the symbol KIDS. Pricing terms were not disclosed.
May 31, 2016

CollPlant Receives Governmental Authorization for R&D Projects

CollPlant received governmental authorization in Israel for funding of various 2016 development projects, including support of products to treat torn and inflamed tendons/ligaments.
May 31, 2016

MX Orthopedics Secures $0.75MM Accelerator Loan

MX Orthopedics was awarded a state-backed US $0.75MM Accelerator Loan. Funds will support commercialization of dynaMX™ superelastic orthopaedic fracture fixation implants.
May 31, 2016

Spine Wave Completes an $11MM Financing

Spine Wave closed a US $11MM round of new financing. Proceeds will fund the company's largest product portfolio expansion to date.
May 19, 2016

Bone Solutions Receives $1.7MM in Funding

Bone Solutions closed a funding round for a total of >US $1.7MM, and affirmed an additional $1.65MM commitment from Next Health, its distribution partner.
May 3, 2016

Spinal Simplicity Gains Investor Support from Nueterra

Spinal Simplicity closed a financing round with an investment from Nueterra Capital. Funds will support U.S. launch of the Minuteman fusion device to treat low back pain.
April 26, 2016

Xtant Medical Awarded State Grants

Xtant Medical was awarded state grants totaling US $0.15MM to support growth at Bacterin's orthobiologic processing facility. 
April 12, 2016

Tyber Medical Awarded State Funding

Tyber Medical was awarded a US $362,500, ten-year loan from the Pennsylvania Industrial Development Authority to purchase equipment for in-house fabrication.
March 8, 2016

Nanovis Receives NIH Research Grant

Nanovis received an NIH grant supporting pre-clinical studies of FortiCore® deeply-porous interbody fusion devices, enhanced with nanotube technology. 
February 29, 2016

Bone Biologics Completes $5.75 Million Funding Round

Bone Biologics completed a US $5.75MM funding round to support development of a bone graft substitute for initial focus on spinal fusion.
February 10, 2016

Regentis Biomaterials Raises $15MM for U.S. Pivotal Clinical Trial

Regentis Biomaterials closed a US $15MM Series D investment round. Funds will primarily support a pivotal U.S. clinical trial of GelrinC®, a cell-free implant for the treatment of articular knee cartilage injuries.
February 9, 2016

Ellipse Technologies Withdraws IPO

Ellipse Technologies withdrew its plans for a US $75MM initial public offering, filed in 4Q15, in light of its pending acquisition by NuVasive.
January 21, 2016

OsteoVantage Receives Grant to Develop INDOS Spinal Instrumentation

OsteoVantage was awarded a US $0.15MM SBIR Phase I grant. Funds will support enhancements to INDOS™, a spinal instrumentation system that employs electroactive pedicle screws to encourage posterolateral fusion.
January 6, 2016

Benvenue Medical Secures $60 Million Financing

Benvenue Medical completed a US $60MM financing round. Proceeds will support U.S. commercialization of the Luna® 3D Interbody Fusion and the Kiva® Vertebral Compression Fracture Treatment systems.
January 5, 2016

Ortho Kinematics Raises $4 Million in Debt Financing

Ortho Kinematics closed US $4MM in debt financing. Funds will support global commercialization of the Vertebral Motion Analysis product for radiographic assessment of spinal motion and instability, as well as launch of new product features.
January 5, 2016

Bone Therapeutics Granted Additional EUR 2MM in Funding

Bone Therapeutics was granted an additional 2MM (~US $2.15MM) in non-dilutive funding, bringing the total non-dilutive funding received within 2015 to 5MM.