SI-Bone Secures $16,000,000 New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4ccc134c-a9d6-4c1b-9840-b0020ebc7815&Preview=1 -
Date
9/26/2011 -
Company Name
SI-Bone -
Mailing Address
550 S. Winchester Blvd. San Jose, CA 95128 -
Company Description
SI-BONE is committed to providing high-quality innovative medical devices for the treatment of SI Joint dysfunction. SI-BONE is a leader in the diagnosis and treatment of SI Joint dysfunction. We are dedicated to a surgeon-driven implant solution to help people lead more active, productive and symptom-free lives by working to restore normal SI Joint function with an innovative less invasive surgical product – The iFuse Implant SystemTM. -
Website
http://www.si-bone.com -
Transaction Type
Venture Equity -
Transaction Amount
$16,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The financing objectives are to dramatically increase investment in: 1) worldwide sales and marketing operations, 2) expansion of the company’s clinical efforts through a retrospective minimally invasive surgical (MIS) SI joint treatment study, a prospective, multicenter study (MISSION), additional post-market case studies and an animal study validating fusion with the iFuse implant to further establish clinical efficacy, and 3) continue to educate spine surgeons and referring specialists on SI joint diagnosis as part of the diagnosis of lower back pain in the US and Europe. -
M&A Terms
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Venture Investor
Montreux Equity Partners -
Venture Investor
Skyline Ventures
