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SpinaFX Medical Inc. raised CAD $5.3M in a Series B funding round to expand operations and development efforts.

PRIVATEDec 19, 2024

Amount Raised

$5.3 Million

Round Type

Series B

TorontoBiotechnologyHealth CareMedicalMedical Device

Description

SpinaFX Medical Inc., based in Toronto, Canada, closed its Series B funding by raising a last tranche of CAD $5.3M. The funds will be used to expand operations and enhance development efforts.

Quick answer

SpinaFX raised $5.3 Million in a Series B round, dated December 19, 2024. SpinaFX is based in Toronto, Ontario, Canada.

How much did SpinaFX raise?
SpinaFX raised $5.3 Million in a Series B round on December 19, 2024.
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.

  • Tensive raised $15M (Series A) on February 1, 2025.
  • Xaga Surgical raised $726K (Seed) on January 30, 2025.
  • SVASTEK raised $231K (Seed) on January 23, 2025.
  • Sycai Medical raised $3.1M (Seed) on January 23, 2025.
  • Convergence Medical raised $5M (Series A) on January 16, 2025.
  • Core Sound Imaging raised $80M on January 16, 2025.

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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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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