VertiFlex, Inc., a Carlsbad, CA-based developer of advanced, minimally invasive interventions for spinal stenosis, raised $40M in equity funding.
The round was co-led by H.I.G. BioHealth Partners and Endeavour Vision with participation from New Enterprise Associates, Thomas, McNerney & Partners, and Alta Partners.
The company will use the funds for the U.S. commercial expansion of its proprietary system.
Founded in 2005 and led by Earl R. Fender, President & Chief Executive Officer, VertiFlex has developed Superion® Indirect Decompression System, a minimally invasive spinal implant designed to treat moderate lumbar spinal stenosis.