BOSTON, MA, August 5, 2024 – OrthoSpineNews – NanoHive Medical, a frontrunner in 3D-printed titanium spinal interbody fusion gadgets, broadcasts a $7M Sequence C Financing to capitalize the corporate’s fast development and a precedence on company-building to profitability. Final result Capital served as Strategic and Monetary Advisor to NanoHive.
The first use-of-proceeds embody: (i) increasing the U.S. business group; (ii) increasing the corporate’s modern Hive™ portfolio of Delicate Titanium® spinal interbody fusion gadgets by the use of product line-extensions, product launches, and “sensible” sensor implant supply analysis and growth; (iii) coming into choose worldwide markets; and (iv) increasing strategic partnerships. NanoHive’s CEO, Patrick O’Donnell, states: “The corporate is sort of lucky to have a gaggle of traders that strongly assist our workforce and know-how who additionally carry a distinguished observe document of constructing corporations to and thru profitability. The complete group is worked up to additional execute on the corporate’s invigorated technique geared toward broadening our Hive™ Delicate Titanium® portfolio’s profitable scientific experiences with extra sufferers and surgeons into extra markets.”
Concurrent to the Sequence C Financing, the corporate is happy to welcome Greg Hoffman and David Scott to the corporate’s Managing Administrators Board. Mr. Hoffman is the Managing Companion of Hoffco Holdings and founding member of Portfolio Group. Mr. Scott was the cofounder and CEO of Xator Company and leads his household workplace that has investments in a broad vary of industries. Each Mr. Hoffman and Mr. Scott are profitable company-builders with vital working experience in addition to traders within the firm’s Sequence A, B, and C financing rounds. Mr. Hoffman and Mr. Scott will be part of present Managing Administrators Sami El-Saden, Ian Helmar (Chief Expertise Officer), and Patrick O’Donnell (Chief Govt Workplace).
About NanoHive
Medical LLC NanoHive Medical is a pioneer and main innovator in 3D printed spinal interbody fusion implants and instrumentation. The corporate’s proprietary, biomimetic Delicate Titanium® know-how clearly distinguishes their merchandise within the $2.2B spinal interbody fusion gadget market. The Hive™ portfolio of interbody fusion gadgets present surgeons and their sufferers ultimate biomechanical elastic modulus properties, clear and exact diagnostic imaging functionality, osteoblast cell attraction and integration – all options that result in constantly sturdy fusion constructs and efficacious scientific experiences. NanoHive Medical is predicated in Woburn, Massachusetts U.S.A. Be taught extra at www.NanoHive.com.
Contact:
Patrick O’Donnell
CEO & President
NanoHive Medical LLC
Patrick.odonnell@nanohive.com
Web site: www.nanohive.com
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