Providence Medical Technology Garners $6,800,000 Series C Round

  • Feed Type
  • Date
    4/1/2014
  • Company Name
    Providence Medical Technology
  • Mailing Address
    3650 Mt. Diablo Ave. Lafayette, CA 94549 USA
  • Company Description
    A privately-held medical device company developing minimally invasive solutions addressing the $1 billion worldwide cervical spine market. Commercializing the DTRAX platform of minimally invasive posterior cervical implants and instruments to treat cervical degenerative disc disease through indirect decompression and stabilization.
  • Website
    http://www.providencemt.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $6,800,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    Proceeds from this round are targeted to fund investment in U.S. sales, marketing, training, and clinical activities, including training additional distributors, hiring direct sales employees, and initiating prospective clinical trials.
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor

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