Ceterix Orthopaedics, based in Menlo Park, California, which makes surgical tools for arthroscopic procedures has raised $19.5 million, according to a regulatory filing.
More specifically, the company, previously known as SuturePro Technologies Inc., makes a suturing technology that allows surgeons to place stitches in difficult anatomical regions – in “very tight joint compartments” – without affecting adjacent nerves, cartilage and tissue, according to Ceterix’s website.
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Five investors participated so far in the round, with the company hoping to raise another $1.10 million. In October, 2010, Ceterix raised $8.1 million in a Series A round in which Versant Ventures and 5AM Ventures invested.
The company was founded on the inventions of Dr. Justin Saliman, an orthopaedic surgeon with a specialization in sports medicine.
