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Neo Medical Closes Swisscom Ventures-Lead Usd $20.6M Financing Round

Feb 17, 2022•over 3 years ago

Amount Raised

$20.6 Million

Lausanne

Description

Neo Medical, a Swiss-based medtech company developing value-based care solutions in spinal surgery, announced today the closing of a USD $20.6M financing round. The last round features Swisscom Ventures as lead investor, a testament to the expansion of the company's spinal surgery integrated ecosystem in the digital space. In particular, the proceeds of this financing round will support the accelerated commercial deployment of Neo Medical ADVISETM augmented reality platform for spinal surgery, with a particular focus on the US market.

Company Information

Company

Neo Medical

Location

Lausanne, Vaud, Switzerland

About

Focusing on value-based care, Neo Medical develops a new generation of controlled-fixation solutions designed for a more Functional Fusion in spinal surgery, respectful of patients' unique spinal conditions. With only five multi-functional instruments covering most spine indications in a universal approach, the unique proprietary features of Neo Medical solutions ensure an anatomically neutral, balanced, and stable spine load bearing, to achieve a Functional Fusion. Neo Medical fixation solutions also provides everyone involved in spinal surgery with an easier and more efficient experience and offers additional value by driving factors that limit infections, removing re-sterilization needs, de-cluttering the OR, reducing re-operation rates and the associated costs, while ultimately putting patients, practitioners, payers, providers, and society at large in control. Beyond providing solutions tailored to patients' needs, the Neo Medical value-based care approach participates in preserving the overall environmental sustainability of the broader healthcare system. For more information, please visit: https://www.neo-medical.com/en/index and follow Neo Medical on LinkedIn: @NeoMedical. Logo - https://mma.prnewswire.com/media/1747997/Neo_Medical_Logo.jpg

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