Orthopedic trauma company Sonoma Orthopedic can thank lead investor Ascension Health Ventures for helping the company raise $22 million in a Series D round of financing. Split Rock Partners, Legacy Life Sciences, EDF Ventures, MedVenture Associates, DFJ InCube Ventures, Emergent Medical Partners and Asset Management Partners also participated.
The California-based company, which was founded in 2005, has developed a system to repair fractured bone using its implant technology. Its WaviBody Technology enables minimally invasive surgical access to improve patient recovery, according to its website. The funding will be used to support several product launches, expand its sales network in the U.S., conduct clinical trials and acquire certain assets from NovaLign Orthopaedics.
"Sonoma's unique flexible-to-rigid WaviBody and TaperBody platform technologies address a clear clinical need in orthopedic trauma care," said Ascension's Dr. Walter Lin. "We are excited to partner with Sonoma's experienced management team and board to make its implants more widely available for the benefit of patients."
- check out Sonoma's release
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