VertiFlex Raises $40M in Equity Funding

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.



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