Vertos Medical, an Aliso Viejo, CA-based company which specializes in the development of minimally invasive treatments for lumbar spinal stenosis (LSS), raised $26M in funding.
The round was led by Norwest Venture Partners with participation from existing investors including Pitango Venture Capital. Dr. Zack Scott, General Partner at Norwest Venture Partners, will join Vertos’ Board of Directors.
The company intends to use the funds to support research and development efforts aimed at advancing care for patients with chronic low back pain.
Led by CEO Eric Wichems, President and CEO, Vertos Medical is an interventional pain company committed to developing innovative, minimally invasive treatments for lumbar spinal stenosis (LSS). mild, its proprietary technology, is an image-guided outpatient procedure that removes a major root cause of lumbar spinal stenosis (LSS) through an incision smaller than the size of baby aspirin and doesn’t require implants, general anesthesia, or stitches. the procedure has been clinically demonstrated to have safety outcomes similar to injections with durability out to 5 years, and patients typically return to activities of daily living within 24 hours with no restrictions.
FinSMEs
07/06/2023