Navigation Links
Cayenne Medical Closes $10 Million Capital Raise
Date:2/14/2012

SCOTTSDALE, Ariz., Feb. 14, 2012 /PRNewswire/ -- Cayenne Medical, Inc., a private sports medicine device company, today announced the closing of a $10 million equity financing, with new investor Fletcher Spaght Ventures joining existing investors Split Rock Partners, MB Venture Partners and Investor Growth Capital. The proceeds will be used to enhance the company's sales and distribution and to support expansion of its portfolio of sports medicine orthopedic solutions.

Cayenne Medical currently markets products that address previously unmet clinical needs in knee ligament reconstruction and meniscal repair, including the AperFix® II System, the CrossFix® II System and the iFix® System. This month the company is also launching the Quattro™ Shoulder System for rotator cuff and labral repairs.  

"We are pleased to support Cayenne Medical and its innovative, complete procedural solutions for common sport-related orthopedic injuries," said Peter Kleinhenz of Fletcher Spaght.  "We believe the Company's high quality products, coupled with its impressive executive team will enable even further success as it introduces additional novel soft tissue repair solutions to market."

"Cayenne is privileged to have Fletcher Spaght Ventures join our already strong and committed investor syndicate. We look forward to a year of accelerated company growth, with our new innovative solutions for the shoulder to complement our best-in-class knee products," said David Springer, President and CEO, Cayenne Medical.

About Cayenne Medical, Inc.:Based in Scottsdale, Arizona, Cayenne Medical is a privately held medical device company defining new technology for the soft tissue reconstruction segment of the sports medicine market. The company was founded in 2005 and is focused on leading the transformation of traditional soft tissue repair procedures, by applying advanced technology through minimally invasive techniques. For more information, visit www.cayennemedical.com.

About Fletcher Spaght Ventures:Fletcher Spaght, Inc. was founded in 1983. The firm provides strategy and financing assistance to new ventures, risk capital investors and large enterprises with emerging technologies or other growth opportunities. We develop market research, competitive analysis and financial analysis to advise clients on the commercial potential of new ventures and the options for growing, funding or acquiring new businesses. Fletcher Spaght Ventures invests in high potential companies identified by our practice groups in High Technology, Healthcare and Corporate Growth.  For more information, visit www.fletcherspaght.com.Contacts:  Randy Buness

Tim Nash Chief Financial Officer

Vice President, Marketing(480) 502-3661

(480) 502-3661 rbuness@cayennemedical.com

 tnash@cayennemedical.com  


'/>"/>

SOURCE Cayenne Medical, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Cayenne Medical, Inc. Launches CrossFix® II Meniscal Repair System
2. Cayenne Medical, Inc. Launches AperFix® II
3. Cayenne Medical, Inc. Appoints David B. Springer President & CEO
4. Cayenne Medical, Inc. Reaches 50,000 Implant Milestone
5. Winner Medical Reports First Quarter of Fiscal 2012 Results
6. Sutter Medical Center First in California to Receive Atrial Fibrillation Certification
7. Hitachi Aloka Medical Introduces Diagnostic Ultrasound System F37
8. NorthCrest Medical Center Selects Allscripts Sunrise Electronic Health Record
9. Ronnie Andrews Joins Life Technologies as President, Medical Sciences
10. Canon Europe Acquires Dutch Medical Solutions Specialist Delft DI
11. Winner Medical Group Inc. to Host First Quarter 2012 Earnings Conference Call on Thursday, February 9, 2012 at 08:00 p.m. EST
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/2/2016)... 2, 2016  While nearly three-quarters of Americans (71%) ... on their health, only about half report taking any ... results of a new survey announced today by Hologic ... of National Osteoporosis Month, Hologic is raising awareness of ... 56 million Americans. Osteoporosis is a disease ...
(Date:4/29/2016)... , April 29, 2016  In the ... projected to shift from systems dependent on CRTs monitors ... types of modality CRT Medical monitors and will ... are a host of foreseeable benefits to this ... will existing modalities have to be replaced in ...
(Date:4/29/2016)... April 29, 2016 ... Financier Sanofi, leader mondial ... ses résultats pour le premier trimestre ... Jérôme Contamine, commente les résultats du ... perspectives pour le reste de l,année. ...
Breaking Medicine Technology:
(Date:5/2/2016)... ... May 02, 2016 , ... Pregnancy Awareness Month offers a great time ... , “If you are ready to have a baby, it’s best to get ... Journal Babies is your Personal Conception & Pregnancy Organizer, written for women who plan ...
(Date:5/2/2016)... ... May 02, 2016 , ... Consultative health ... and GM Jim Callandrillo and Duane Reed, VP of business development of AJMC ... Intelligence and Research Group (PBIRG) General Meeting from May 15-17 at the ...
(Date:5/2/2016)... (PRWEB) , ... May 02, 2016 , ... For many ... performance artist Curt Walter has developed it into a science. , Using the ... Walter achieve subtly differentiated shades that add depth and meaning to his works. What’s ...
(Date:5/2/2016)... ... May 02, 2016 , ... ... today announced the opening of Twin Lakes Recovery Center. Located east of ... in the state. The residential facility is set on 34 acres of ...
(Date:5/1/2016)... ... May 02, 2016 , ... ... 1968 Jimi Hendrix Merriweather Post Pavilion in Columbia, Maryland concert posters. Dail Beeghley ... The concert was held on August 16. According to Hawley, “The Pavilion was ...
Breaking Medicine News(10 mins):