Providence Medical Technology Garners $6,800,000 Series C Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f0f3df4b-f500-4fa9-bfab-38d6cc32e4f6
Date
4/1/2014
Company Name
Providence Medical Technology
Mailing Address
3650 Mt. Diablo Ave. Lafayette, CA 94549 USA
Company Description
A privately-held medical device company developing minimally invasive solutions addressing the $1 billion worldwide cervical spine market. Commercializing the DTRAX platform of minimally invasive posterior cervical implants and instruments to treat cervical degenerative disc disease through indirect decompression and stabilization.
Website
http://www.providencemt.com
Transaction Type
Venture Equity
Transaction Amount
$6,800,000
Transaction Round
Series C
Proceeds Purposes
Proceeds from this round are targeted to fund investment in U.S. sales, marketing, training, and clinical activities, including training additional distributors, hiring direct sales employees, and initiating prospective clinical trials.
M&A Terms
Venture Investor
Venture Investor
Venture Investor