SI-BONE Receives $20,000,000 New Round

  • Feed Type
  • Date
    6/20/2016
  • Company Name
    SI-BONE
  • Mailing Address
    3055 Olin Avenue San Jose, CA 95128 USA
  • 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.
  • Website
    http://www.si-bone.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds from the financing will be used primarily to fund expansion of the U.S. sales organization in following recent decisions to cover MIS SI joint fusion by health plans such as Blue Cross Blue Shield of Michigan, Geisinger Health Plan in Pennsylvania and First Coast Service Options, Inc., the Medicare administrator in Florida. Additional proceeds will be used to fund R&D activity to support the further development and commercialization of new products for the surgical treatment of the SI joint.
  • M&A Terms
  • Venture Investor
    Arboretum Ventures
  • Venture Investor
    Undisclosed

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