SANTA CLARA, Calif., June 28, 2012 /PRNewswire/ -- Benvenue Medical, Inc., a developer of minimally invasive solutions for spine repair, announced it completed a $25 million Series D round of financing. The spine company intends to use the proceeds to sustain global commercialization of its three breakthrough minimally invasive products to treat degenerative disc disease (DDD) with spinal fusion and vertebral compression fractures (VCFs), as well as for additional initiatives to bring its fusion and VCF products to the US market.
The Series D financing was completed with existing investors DeNovo Ventures, Domain Associates, Technology Partners and Versant Ventures. "Our investors share our excitement about our rapid growth and positive momentum, and we're gratified by their continued support for our vision and progress," commented Robert Weigle, CEO of Benvenue Medical.
"Benvenue is an innovative spine company with a top-notch team. We expect this new infusion of capital will carry the company to the next level of growth and commercial success," said Nimesh Shah, principal at Domain Associates.
Benvenue Medical has entered a $9 billion global spine device market with its three minimally invasive products to treat VCFs and DDD.
About Benvenue Medical, Inc.
Founded in 2004, Benvenue Medical, Inc. is advancing spine repair through the development of proprietary, minimally invasive surgical and interventional solutions. The company is privately held and funded by Versant Ventures, DeNovo Ventures, Domain Associates and Technology Partners. Its first products are designed for the treatment of vertebral compression fractures and degenerative disc disease, which have combined revenues of $1.6 billion globally. For more information, visit www.benvenuemedical.com.
|SOURCE Benvenue Medical, Inc.|
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