SpinalMotion gets $27.4mm via Series D

Deal summary reprinted from Strategic Transactions - November 2009

SpinalMotion (developing cervical implants for degenerative disc disease) raised $27.4mm in its Series D financing round, which included new investor DAFNA Capital Management. Concurrently, the company announced that it filed the PMA for its Kineflex lumbar artificial disc.

Other device deals this week:

Acquisition

  Facet Solutions buys struggling Archus Orthopedics · November 2009

Alliance

  Etex licenses Alphatec Spine rights to sell biomaterials · November 2009

Financing

  Augmenix's Series B round brings in $6.1mm · October 2009
  AxioMed Spine gets $6.4mm in third round · November 2009
  Cardo Medical closes $6.2mm private placement · October 2009
  Entellus Medical raises $30mm in Series D financing · November 2009
  Facet Solutions gets $3.6mm via bridge financing · November 2009
  TriVascular brings in $30mm through its Series B round · November 2009
  Public stock sale nets $Cdn19.3mm for IMRIS · November 2009
  Series A brings $3.5mm to Ortho Kinematics · November 2009
  Series C raises $27.4mm for Spinal Modulation · November 2009

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