Fundz

Spinafx Hits Key Milestones Since Closing Its $6.88M Series A Round

PRIVATEMay 26, 2022

Amount Raised

$6.88 Million

Round Type

Series A

TorontoBiotechnologyHealth CareMedicalMedical Device

Description

Minimally invasive image-guided therapy start-up, SpinaFX Medical Inc. (SpinaFX), today announced significant milestones hit since closing its $6.88M CDN Series A round in November 2021. SpinaFX has leveraged investment proceeds for patent estate expansion, product enhancements, quality management system implementation, regulatory approval pursuits and commercialization of Triojection®.1

Quick answer

SpinaFX raised $6.88 Million in a Series A round, dated May 26, 2022. SpinaFX is based in Toronto, Ontario, Canada.

How much did SpinaFX raise?
SpinaFX raised $6.88 Million in a Series A round on May 26, 2022.
What does SpinaFX do?
SpinaFX Medical Inc. is a Toronto, Canada-based medical device company focused on developing innovative, minimally invasive image-guided spinal care solutions.
Where is SpinaFX based and how big is it?
SpinaFX is based in Toronto, Ontario, Canada.
Who are the decision-makers at SpinaFX?
Fundz holds 1 contact at SpinaFX. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical and Medical Device around the same time

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

  • Sanara MedTech raised $16M on July 1, 2022.
  • Sanara MedTech raised $14M on June 2, 2022.
  • Medical Informatics raised $15M on May 26, 2022.
  • WaveFront Dynamics Inc. raised $1.2M (Seed) on May 17, 2022.
  • GE HealthCare Technologies raised an undisclosed amount (Corporate Round) on May 12, 2022.
  • Treace raised $150M (Debt Financing) on May 2, 2022.

Who to call at SpinaFX, and when

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

  • An alert the day SpinaFX raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at SpinaFX, from your own LinkedIn network

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Company Information

Company

SpinaFX

Location

Toronto, Ontario, Canada

About

SpinaFX Medical Inc. is a Toronto, Canada-based medical device company focused on developing innovative, minimally invasive image-guided spinal care solutions. Founded by Dr. Kieran Murphy and led by CEO Jeff Cambra, the company aims to provide therapies for back pain caused by contained herniated discs. Their lead product, Triojection®, utilizes a mixture of ozone and oxygen to treat disc issues, pending further clinical validation and regulatory approval. SpinaFX is committed to bridging the gap between conservative care and surgery for spinal conditions.

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Fundz sees it the moment SpinaFX raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

SpinaFX 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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