Integrity Orthopaedics, a Maple Plain, MN-based company providing solutions for soft tissue repair, raised $20.6M in Series B funding.
The round was led by Piper Sandler Merchant Banking and an undisclosed existing investor.
The company intends to use the capital to expand the US commercial launch of its initial product in the rotator cuff repair market.
Co-founded in 2020 by Thomas Westling, David Crompton, Dr. Patrick Connor, Dr. Howard Harris, and Dr. Marc Labbe, Integrity Orthopaedics is committed to redefining soft tissue repair starting with rotator cuff repair, overcoming limitations of traditional techniques by enabling initial repair strength while fostering an optimal environment for healing. Its system, FDA cleared in early 2023 and initially utilized by a small group of surgeons in a limited launch, uses patented micro-anchors, a continuous, locking stitch, a patented instrument for anchor installation and operative techniques to enable physicians to improve the fixation and healing of torn tendons.
The company has begun a paced expansion of its field sales team, with the goal of working with innovative orthopedists in select markets throughout the country. This roll out is expected to broaden over time, as Integrity Orthopaedics ramps up its staffing, production volumes and physician education resources.
FinSMEs
30/04/2024