Xconomy Boston

Spineology Inc. Obtains $7,500,000 New Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c7c3110d-66d3-431f-98d5-91f298b3ad8b&Preview=1
Date
7/15/2008
Company Name
Spineology Inc.
Mailing Address
7200 Hudson Boulevard North St. Paul, ME 55128-7055
Company Description
Spineology was founded in 1996 by Dr. Stephen Kuslich. Dr. Kuslich was a pioneer in minimally invasive spine surgery, being one of the first in the U.S. to use the operating microscope. During his career, Dr. Kuslich was also instrumental in the development of numerous spinal implants, including OptiMesh, that have provided and continue to provide pain relief for tens of thousands of people.
Website
http://www.spineology.com
Transaction Type
Venture Equity
Transaction Amount
$7,500,000
Transaction Round
Undisclosed
Proceeds Purposes
The proceeds from this financing are expected to fund additional commercialization, product development and clinical research efforts for the company, which serves the $4 billion spinal market.
M&A Terms
Venture Investor
Undisclosed