CyMedica Orthopedics has raised approximately $4 million in a new round of equity financing, according to a recently posted SEC filing.
Money in the round came from three anonymous sources, with the first date of sale noted as having occurred on May 31, according to the filing.
CyMedica has not yet stated how it plans to spend funds in the round.
The Scottsdale, Ariz.-based company is looking to raise an additional approximate $2 million in the round, which would bring the total raised up to $6 million, according to the filing.
Also this week, CyMedica said that it launched a clinical trial to evaluate the effectiveness of its E-vive muscle-strengthening device and patient engagement system in knee osteoarthritis patients.