Vertos Medical Secures $26 Million To Expand Commercialization Efforts And Develop Breakthrough Treatments For Chronic Low Back Pain
Vertos Medical Secures $26 Million To Expand Commercialization Efforts And Develop Breakthrough Treatments For Chronic Low Back Pain
06/07/23, 1:05 PM
Location
aliso viejo
Money raised
$26 million
Industry
medical device
medical
biotechnology
health care
Investors
Pitango Venture Capital, Norwest Venture Partners
Vertos Medical Inc., a leader in the development of innovative, minimally invasive treatments for lumbar spinal stenosis (LSS), announced today that it has raised $26 million in an oversubscribed Series C equity funding round. The financing was led by new investor Norwest Venture Partners with participation from existing investors including Pitango Venture Capital.
Company Info
Location
95 enterprise, suite 325
aliso viejo, california, united states
Additional Info
Vertos Medical is an interventional pain company committed to developing innovative, minimally invasive treatments for lumbar spinal stenosis (LSS). mild®, its proprietary technology, is an image-guided outpatient procedure that removes a major root cause of lumbar spinal stenosis (LSS) through an incision smaller than the size of baby aspirin and doesn't require implants, general anesthesia, or stitches. The mild® Procedure has been clinically demonstrated to have safety outcomes similar to injections with durability out to 5 years, and patients typically return to activities of daily living within 24 hours with no restrictions. mild® is nationally covered by Medicare.
In November 2022, Vertos Medical joined an elite group by ranking 384 on the Deloitte Technology Fast 500™, a ranking of the most innovative, fastest-growing public and private companies from North America. This recognition highlights Vertos Medical's exceptional growth and relentless pursuit of improving the quality of patients' lives. Vertos Medical headquarters is located in Aliso Viejo, CA.
To learn more and view clinical data, visit www.Vertosmed.com.