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Integrity Orthopaedics raised $20.6M in a Series B financing led by Piper Sandler Merchant Banking

May 01, 2024over 1 year ago

Amount Raised

$20.6 Million

Round Type

series b

Maple PlainBiotechnologyHealth CareManufacturing

Investors

Undisclosed Existing InvestorPiper Sandler Merchant Banking

Description

Integrity Orthopaedics, a company providing solutions for soft tissue repair, raised $20.6M in Series B funding led by Piper Sandler Merchant Banking and an undisclosed existing investor. The capital will be used to expand the US commercial launch of its initial product in the rotator cuff repair market.

Company Information

Company

Integrity Orthopaedics

Location

Maple Plain, Minnesota, United States

About

Integrity Orthopaedics emerges as a pioneering force dedicated to redefining the landscape of soft tissue repair. Their mission is to revolutionize the approach to rotator cuff repair, overcoming traditional limitations by enabling robust initial repair strength while fostering an optimal environment for healing. At the heart of our innovation lies a deep understanding of the ideal conditions for tendon healing. These conditions encompass four essential attributes: immediate strength, minimal tendon mobility, broad points of fixation, and an optimal biologic environment. With the Integrity Orthopaedics device, surgeons gain the ability to consistently realize these critical objectives with unparalleled efficiency.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech