Spineology Inc., a St. Paul, Minn.-based anatomy-conserving surgery company, received a $5m investment in the form of a convertible debenture.
Hermed Capital, a private equity fund located in Shanghai, China, made the investment.
The company intends to use the proceeds to increase additional commercialization, product development, and clinical research efforts.
Led by John Booth, CEO, Spineology provides anatomy-conserving spinal technologies for surgeons and their patients.
– the Duo System reduces the surgical access required for lateral procedures while providing a large conforming device footprint.
– The Rampart One System minimizes the exposure requirements associated with anterior spinal fusion procedures and is manufactured from Invibio® PEEK-OPTIMA® HA Enhanced material.