Providence Medical Technology Garners $10,500,000 New Financing Round

  • Feed Type
  • Date
    12/20/2016
  • Company Name
    Providence Medical Technology
  • Mailing Address
    1331 N. California Blvd Walnut Creek, CA 94596 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
    $10,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The proceeds will be used to further commercialize and expand its portfolio of cervical-fusion technology.
  • M&A Terms
  • Venture Investor
    MVM Life Science Partners
  • Venture Investor
    Stanmore Medical Investments
  • Venture Investor
    Aphelion Capital

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