Devices & Diagnostics

Spinal fusion device maker Providence Medical raises $12M

Providence Medical Technology, a California-based maker of spinal fusion implants and tools, has raised $12 million in debt and equity to expand into the full spectrum of cervical spine conditions.

Providence Medical Technology, a California maker of spinal fusion devices, just raised $12 million to further develop its product line for patients with cervical degenerative disc disease.

The California-based company has a line of cervical implants and orthopedic surgical instruments that help doctors access the spine.

“We are expanding our portfolio of cervical fusion products to address the majority of cervical pathologies requiring surgery,” CEO Jeff Smith said in a statement.

Investors include Stanmore Medical Investments, Aphelion Capital, and a new debt facility with Silicon Valley Bank.