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SPR Therapeutics Raises $85M in Additional Funding

Feb 02, 2024•over 1 year ago

Amount Raised

$85 Million

ClevelandMedical DeviceMedicalBiotechnologyHealth Care

Investors

Slr Capital PartnersMutual Capital PartnersRc CapitalRevelation Partners

Description

SPR Therapeutics raised $85m in financing, including $25m in Series D-1 insider equity and a $60m debt facility. The equity financing was led by Revelation Partners, SPR’s lead investor of the Series D equity financing, and incumbent investors, RC Capital and Mutual Capital Partners. The debt facility was provided by SLR Capital Partners. The company intends to use the funds to capitalize on commercial momentum, customer demand, and market opportunity to expand its sales representation in additional U.S

Company Information

Company

SPR Therapeutics, Inc.

Location

22901 MILLCREEK BOULEVARD

Cleveland, Ohio, United States

About

SPR Therapeutics is a Cleveland, OH-based private medical device company focused on treating pain and improving the quality of life for patients managing acute or chronic pain.

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Funding Insights

Based on industry data
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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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