Friday, February 17, 2006

Mass High Tech: Spine Wave

"Spine Wave Inc. of Shelton, Conn., has closed on a new $36.5 million Series C round of equity financing.

The new round was led by existing investor New Enterprise Associates with new investor Foundation Medical Partners. Also participating in the financing were existing investors Canaan Partners, Morgenthaler Venture Partners, Sprout Capital, Thoma Cressey Equity Partners, CHL Medical Partners, and California Technology Partners.

According to company officials, Spine Wave is a medical device company focused on the development of advanced materials, techniques and implant systems for spine surgery for three of the largest and fastest growing spinal market segments: nuclear replacement and augmentation, vertebral compression fracture repair and spinal fusion.

The company has raised a total of approximately $80 million in funding to date."

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