Early-stage orthopedic company Valeris Medical raised $1.5 million in a new round of debt financing, according to an SEC filing posted this week.
Valeris “partners with strategic surgeon experts to innovate and deliver the next level of orthopedic implants and delivery systems to better serve the medical industry and the millions of patients treated annually,” according to med device distributor Affirmative Solutions’ website.
Among the company’s products are the BoneCam Suture Anchors, which won FDA 510(k) clearance in August last year, according to an FDA filing. The device is intended to be used for suture fixation to bone in the foot, ankle, knee, hand, wrist, elbow, shoulder and hip.
Money in the round came from 18 anonymous sources, according to the SEC filing, and the company has not yet said how it plans to use funds raised in the round.
