Bolder Surgical (fka JustRight Surgical, LLC), a Lousville, Colo.-based developer of surgical instruments for surgeons to perform minimally invasive surgery in pediatric patients from neonate to teenager, secured $27m in financing.
The round was led by River Cities Capital Funds with participation from Westwood Management, Providence Ventures and previous investors. In conjunction with the funding, Carter McNabb, Managing Partner at River Cities Capital and Lair Kennedy, Managing Partner at Westwood Management, will join the Bolder’s Board of Directors.
The company intends to use the funds to develop its product innovation pipeline, workforce increases and scaling commercial efforts.
Founded in 2010 and led by Robert Kline, CEO, Bolder Surgical develops and markets laparoscopic surgical devices that improve and enable laparoscopic procedures in patients where access is limited and visibility reduced. The company’s JustRight™ 3mm Vessel Sealer is a sealing instrument that has received FDA clearance for use in pediatric patients. The JustRight™ 5mm Mechanical Stapler improves procedural approaches, access and safety.
Bolder Surgical instruments are currently in use in more than 150 children’s hospitals in the U.S. and Europe.