Providence Medical Technology Garners $10,500,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=252deef2-0e21-47ee-8cf0-23ae9f6361c2
Date
12/20/2016
Company Name
Providence Medical Technology
Mailing Address
1331 N. California Blvd Walnut Creek, CA 94596 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
$10,500,000
Transaction Round
Undisclosed
Proceeds Purposes
The proceeds will be used to further commercialize and expand its portfolio of cervical-fusion technology.
M&A Terms
Venture Investor
MVM Life Science Partners
Venture Investor
Stanmore Medical Investments
Venture Investor
Aphelion Capital