Gramercy Extremity Orthopedics (GEO), a Richardson TX-based Orthopedic Medical Implants company, raised $9.83M in Series A funding.
The backers were not disclosed.
The company intends to use the funds to scale up technology infrastructure and continue product expansion with specific focus on the United States extremity market.
Led by Scott Day, EVP and Chief Operating Officer, GEO delivers Orthopedic Medical Implants which leverage proprietary RFID technology, a Point-of-Sale delivery system, and sterilized, single-use orthopedic implants and instruments. Its GEO CART® is a computerized, mobile implant and instrumentation inventory system enabled with RFID technology which can hold over 1,000+ items tailored to the usage of a specific facility. Its proprietary point-of-sale system reduces delays in surgery, decreases sterility risks to the patient, eliminates handwritten billing mistakes, automatically generates the Implant Usage Form, removes the cost to clean and sterilize instrumentation, and reduces facility operating expenses.