Providence Medical Technology Obtains $12,000,000 New Financing

  • Feed Type
  • Date
    8/26/2015
  • 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
    Debt
  • Transaction Amount
    $12,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The proceeds will be used to further commercialize and expand its portfolio of DTRAX cervical fusion products designed to help patients suffering from cervical degenerative disc disease.
  • M&A Terms
  • Venture Investor
    Stanmore Medical Investments
  • Venture Investor
    Aphelion Capital
  • Venture Investor
    Silicon Valley Bank

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