Elevation Backbone, Inc. Closes $11 Million Sequence B Financing
Elevation Backbone, Inc., the main innovator of integrated-fixation spinal applied sciences, at the moment introduced the completion of its Sequence B Most popular Inventory financing, totaling $11 million. The funding was led by Expertise Enterprise Companions (“TVP”) and included participation from Mutual Capital Companions (“MCP”) and current traders.
Elevation Backbone additionally introduced the appointment of Donald Bossi and Bryson Hollimon, each of Expertise Enterprise Companions, to its Board of Administrators.
Elevation Backbone plans to make use of the proceeds from the financing to ramp the business manufacturing of Saber-C® in addition to assist product growth of future product extensions of the corporate’s Saber® Expertise platform of merchandise.
“We’re excited to assist the Elevation Backbone workforce at this crucial development stage. Saber Expertise is a vital development in spinal fusion applied sciences,” mentioned Don Bossi of TVP. “It permits surgeons to entry hard-to-reach areas of the backbone extra simply and with fewer procedural steps. This differentiated expertise offers important benefits to the surgeon and the affected person over present applied sciences and has a really thrilling future.”
“Elevation Backbone welcomes TVP and MCP to our workforce of traders,“ mentioned Charles Gilbride, CEO of Elevation Backbone. “This funding offers Elevation Backbone with the capital to construct out a full business workforce and develop using the Saber-C system. We’ll concurrently develop further merchandise using Saber Expertise to determine Saber because the main platform expertise in spinal fusions.”
About Elevation Backbone