OrthoSensor said it added $13 million to its Series B round, taking the total for the round to $48 million as it looks to capitalize on regulatory nods for its Verasense knee replacement device in the U.S. and Europe.
Sunrise, Fla.-based OrthoSensor said investors in the B round included Dignity Health, Ziegler Meditech Equity Partners and "undisclosed strategic and angel investors."
"OrthoSensor has an aggressive growth agenda, maximizing the relationships we have with our current partner companies and adding new partners, product lines and international markets in the coming year," president & CEO Jay Pierce said in prepared remarks. "This additional investment and continued confidence from our investors provides increased resources to maintain the rapid growth of our Verasense product line, as well as fund additional R&D, marketing and sales initiatives."
The Verasense device, designed to helps surgeons measure the proper placement and motion during total knee replacement procedures, won FDA clearance in June. Earlier this month, OrthoSensor said the device landed CE Mark approval in the European Union.
Osprey Medical claws in $13M
Osprey Medical (ASX:OSP) said it raised about $13 million in a private placement it plans to use to back the U.S. launch of its Avert contrast modulator for heart procedures. Osprey raised roughly $22 million last year in an initial public offering.
Inari Medical closes $4.7M Series A
Inari Medical, the 1st new company to come out of the Inceptus Medical incubator, said it raised $4.7 million in a Series A round led by Versant Ventures and U.S. Venture Partners.
Precise Light Surgical pulls in $4.5M of a hoped-for $8.1M round
Precise Light Surgical reported raising $4.5 million of a hoped-for $8.1 million round that’s slated to include "securities to be acquired upon exercise of warrants," according to a regulatory filing.
Innovative Surgical Designs pulls in $1M for spinal implant tech
Innovative Surgical Designs pulled in $1 million of a hoped-for $6 million for its spinal implant technology.