Xconomy Seattle

Archus Orthopedics Inc. Secures $10,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4760e634-30e6-48f7-85da-afafac3cdc13&Preview=1
Date
2/4/2008
Company Name
Archus Orthopedics Inc.
Mailing Address
8624 154th Avenue NE Redmond, WA 98052
Company Description
Archus Orthopedics is a privately held company developing a family of reconstructive implants to treat a variety of spine disorders resulting from degenerative changes in the facet joints.
Website
http://www.archususa.com
Transaction Type
Debt
Transaction Amount
$10,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Archus Orthopedics will use the venture loan to accelerate their growth and clinical development process.
M&A Terms
Venture Investor
GE Healthare Financial Services

Archus Orthopedics, Spine Device Maker, Cuts Jobs Amid Financing Squeeze |

9/7/09 2:59 pm

[...] Partners, Polaris Venture Partners, and Johnson & Johnson Development Corporation, as well as a loan from GE Capital. Last month, Archus’ investors put in another $2.3 million through a bridge [...]