Fundz

Spineart secured more than CHF20 million in convertible financing following completion of BAGUERA®C IDE studies enrollment for strategic initiatives in novel enabling technologies, patient follow-up, R&D and Training Center and new factory construction.

PRIVATEMar 18, 2024

Amount Raised

CHF20 Million

Round Type

Convertible Note

Plan-les-OuatesBiotechnologyHealth CareMedicalMedical Device

Description

Spineart has successfully raised a CHF20 million convertible financing, with approximately CHF16 million of the funding contributed by existing shareholders and employees, and the remaining portion sourced from new investors, above the CHF20 million initial target. The proceeds will be used for investments in novel enabling technologies, patient follow-up, R&D and Training Center opening in Dallas, and completion of a new factory near Geneva by the end of 2024.

Quick answer

Spineart raised CHF20 Million in a Convertible Note round, dated March 18, 2024. Spineart is based in Plan-les-Ouates, Geneva, Switzerland.

How much did Spineart raise?
Spineart raised CHF20 Million in a Convertible Note round on March 18, 2024.
What does Spineart do?
Spineart is a privately held medical device company focused on simplifying the surgical act by designing, developing and promoting safe and efficient solutions to spine surgeons, operating room teams, and patients.
Where is Spineart based and how big is it?
Spineart is based in Plan-les-Ouates, Geneva, Switzerland.
Who are the decision-makers at Spineart?
Fundz holds 1 contact at Spineart. 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 Spineart that raised within 45 days of this round, from Fundz verified event records.

  • neuroClues raised $5.4M (Pre-Series A) on April 30, 2024.
  • AtaCor Medical raised $28M (Series C) on April 24, 2024.
  • Nami Surgical raised $123K (Pre-Seed) on April 22, 2024.
  • Flyte raised $5M (Seed) on April 22, 2024.
  • Elucent Medical raised $43M (Series C) on April 10, 2024.
  • Neurovalens raised $2.7M (Seed) on April 8, 2024.

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Company Information

Company

Spineart

Location

Plan-les-Ouates, Geneva, Switzerland

About

Spineart is a privately held medical device company focused on simplifying the surgical act by designing, developing and promoting safe and efficient solutions to spine surgeons, operating room teams, and patients. Spineart is a pioneer in its field, having introduced unique patented and clinically validated technologies in the fields of Minimally Invasive Surgery, Motion Preservation, Fusion, Biologics, and Fractures Treatment. Spineart markets a complete portfolio combining traceable barcoded sterile packed implants with compact instrument sets, thus proudly promoting greater safety, cost-efficiency, and compliance at the hospital. Intended for US audience

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