Cayenne Medical, Inc., a Scottsdale, Arizona-based private sports medicine device company, closed a $10m equity financing.
New investor Fletcher Spaght Ventures joined existing investors Split Rock Partners, MB Venture Partners and Investor Growth Capital.
The company intends to use the proceeds to enhance sales and distribution and support expansion of its portfolio of sports medicine orthopedic solutions.
Founded in 2005 and led by President and CEO David Springer, Cayenne Medical currently markets products for knee ligament reconstruction and meniscal repair, including the AperFix® II System, the CrossFix® II System and the iFix® System.
The company is also launching the Quattro™ Shoulder System for rotator cuff and labral repairs.