Ceterix Orthopaedics Inc., a Menlo Park, Calif.-based developer of surgical tools for arthroscopic procedures, raised $19.5m in Series B financing.
The round was led by new investor Novo Ventures, with participation from existing investors Versant Ventures and 5AM Ventures.
Peter Bisgaard, Partner with Novo Ventures, joined the Board of Ceterix.
founded in October 2010 based on the inventions of Dr. Justin Saliman, and led by John McCutcheon, President and CEO, Ceterix develops technology that enables surgeons to place stitches in very tight joint compartments, while protecting sensitive surrounding structures such as nerves, arteries and cartilage. It has applications in numerous procedures in knees, hips, and shoulders.