Two spine medtech companies secured financing to support their growth.
NanoHive Medical raised $7 million in series C financing to expand U.S. commercialization and explore international markets, expand its portfolio of soft titanium spinal fusion devices and grow partnerships. Funds will also support research and development of "smart" sensor implants, according to an Aug. 5 company news release. The company also added Greg Hoffman and David Scott to its managing directors board.
Spineology raised $25 million series AA financing, and the money will help accelerate commercial growth, clinical education programs and product development, according to an Aug. 6 news release. Spineology develops the OptiMesh implants for spinal fusion.