SpineGuard Garners $4,000,000 New Round

  • Feed Type
  • Date
    7/2/2009
  • Company Name
    SpineGuard
  • Mailing Address
    301 Howard Street San Francisco, CA 94105
  • Company Description
    The founders established SpineGuard on the premise that the patented PediGuard® technology platform deserves the full focus of the Team to make the most of its clinical, technological and market potential. Close to 1 million procedures using pedicle screws were performed in 2008 (I-Data Research US, Europe & Asia Pacific Spine reports) and this number will continue to increase in the coming years. This increase will be driven by the growing number of patients requiring surgical treatment, a larger number of surgeons being trained in technologies requiring pedicle screws and substantial technological advancements (i.e. Minimally Invasive Surgery, Bone Substitutes, Dynamic Stabilization, etc.). Yet even today, publications show high rates (10 to 40%) of screw misplacements leading to various degrees of complications[1-5]. Pedicle screw placement is more than ever the number one safety challenge in spine surgery.
  • Website
    http://www.spineguard.com/
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Delta Partners

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