Fundz

Painteq Raises $35 Million In Non-Dilutive Ip-Backed Financing, Fueling Market Expansion And Innovation

PRIVATEJul 10, 2023

Amount Raised

$35 Million

Round Type

Grant

TampaBiotechnologyHealth CareMedical

Investors

M Volution Partners Llc

Description

PainTEQ, a market leader in minimally invasive posterior sacroiliac (SI) joint fusion procedures, today announced the closing of $35 million in non-dilutive growth capital backed by its intellectual property (IP) portfolio from a lending vehicle managed by MVolution Partners LLC (MVP).

Quick answer

PainTEQ raised $35 Million in a Grant round, dated July 10, 2023. Investors: M Volution Partners Llc. PainTEQ is based in Tampa, Florida, United States.

How much did PainTEQ raise?
PainTEQ raised $35 Million in a Grant round on July 10, 2023.
Who invested in PainTEQ?
M Volution Partners Llc is named as investors in this round.
What does PainTEQ do?
PainTEQ was built to bring interventional procedures to the market.
Where is PainTEQ based and how big is it?
PainTEQ is based in Tampa, Florida, United States. Fundz records about 100 employees.
Who are the decision-makers at PainTEQ?
Fundz holds 2 contacts at PainTEQ. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical and Biotechnology around the same time

Companies in the same sectors as PainTEQ that raised within 45 days of this round, from Fundz verified event records.

  • WaveFront Dynamics Inc. raised $5M on August 24, 2023.
  • Actimed Therapeutics raised $6.1M (Series A) on August 22, 2023.
  • Ikena Oncology raised $43M on August 4, 2023.
  • Greenbrook TMS raised $3M (Seed) on August 1, 2023.
  • Enspire raised $18M (Series B) on August 1, 2023.
  • Sanara MedTech raised $3M (Seed) on August 1, 2023.

Who to call at PainTEQ, and when

A new round usually means PainTEQ is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

PainTEQ

Location

Tampa, Florida, United States

About

PainTEQ was built to bring interventional procedures to the market. Working with pain management specialists to help reduce and eliminate SI joint dysfunction, PainTEQ's LinQ therapy aims to immediately provide clinical benefits to individuals living with incapacitating lower back pain through a minimally invasive outpatient procedure. Learn more at www.painteq.com.

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PainTEQ raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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