Simpirica Spine Lands $22,000,000 Series C Financing Round

  • Feed Type
  • Date
    9/20/2011
  • Company Name
    Simpirica Spine
  • Mailing Address
    1680 Bayport Avenue San Carlos, CA 94070
  • Company Description
    Simpirica Spine, Inc. was founded in 2006 to develop minimally invasive, flexion-restricting stabilization devices for the spine. Tcompany’s lead product, the LimiFlex Spinal Stabilization System, is CE marked and is typically used in conjunction with a surgical decompression for the treatment of lumbar spinal stenosis with or without degenerative spondylolisthesis.
  • Website
    http://www.simpirica.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $22,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The funding will be used to support the European commercialization of the company’s lead product, the LimiFlex Spinal Stabilization System.
  • M&A Terms
  • Venture Investor
    Norwest Venture Partners
  • Venture Investor
    De Novo Ventures
  • Venture Investor
    U.S. Venture Partners