Pivot Medical Obtains $32,000,000 Series C Funding

  • Feed Type
  • Date
    11/8/2011
  • Company Name
    Pivot Medical
  • Mailing Address
    247 Humboldt Court Sunnyvale, CA 94089
  • Company Description
    Pivot Medical is a privately held medical device company focused on developing and marketing technologies for the rapidly growing hip arthroscopy segment of the orthopedic marketplace. The company’s initial offering, the Pivot Hip Arthroscopy System, is designed to improve the safety, efficiency and ease of performing hip arthroscopy procedures.
  • Website
    http://www.pivotmedical.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $32,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    Pivot Medical will use the capital to support the commercial rollout of its Pivot Hip Arthroscopy System in the United States and Europe and to expand its clinical research programs.
  • M&A Terms
  • Venture Investor
    Adams Street Partners
  • Venture Investor
    Delphi Ventures
  • Venture Investor
    Montreux Equity Partners
  • Venture Investor
    Ivy Capital Partners