Spine technology company raises $2.5M, shakes up leadership

Spinal Tech

Spine-facing medical technology company Carlsmed closed a $2.5 million fundraising round and concurrently made a pair of leadership appointments.

What you should know:

1. The fundraising round was led by Cove Fund II. Carlsmed will use the funds to commercialize its "data-driven surgery mission."

2. In addition to closing the round, Carlsmed appointed Andrew Arrow, MD, as chief financial officer and Shariq Hussain as chief information officer. 

3. Dr. Arrow is a MedTech executive with more than 20 years of C-suite and financial leadership roles.

4. Mr. Hussain previously served as the pase CEO and chief technology officer of IntelliGuard. 

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