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Miach Orthopaedics raises $20 million in a Series B extension led by Major League Soccer Players Association, SV Health Investors, and Aperture Venture Partners to support commercial expansion and clinical activities for the BEAR Implant.

Apr 02, 2024over 1 year ago

Amount Raised

$20 Million

Round Type

series b

WestboroughHealth Care

Investors

Nfl Players AssociationEndeavour VisionSectoral Asset ManagementDsm VenturingSmith+NephewAmzak HealthAperture Venture PartnersSv Health InvestorsMajor League Soccer Players Association

Description

Miach Orthopaedics, Inc. announced the closing of a $20 million Series B extension financing round. The funds will support commercial expansion and clinical activities for the BEAR Implant, which has been used to treat nearly 3,000 patients with anterior cruciate ligament (ACL) tears.

Company Information

Company

Miach Orthopaedics

Location

69 MILK ST.

Westborough, Massachusetts, United States

About

Miach Orthopaedics, Inc., is a privately held company located in Westborough, Massachusetts, dedicated to developing bio-engineered surgical implants for connective tissue restoration. The company’s initial focus is the BEAR® Implant, which represents a paradigm shift in the treatment of ACL tears from reconstruction to restoration.

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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