Pediatric orthopedic device maker WishBone Medical secured $10 million in growth capital, the company announced Aug. 10.
The financing came from its existing investors and LKCM Headwater Investments, the private equity arm of Luther King Capital Management. WishBone Medical plans to use the funds to accelerate product development, expand manufacturing facilities and support other initiatives.
"The new capital will drive growth and fuel our efforts to make innovative solutions widely available to orthopedic surgeons caring for children," WishBone Medical's founder and CEO Nick Deeter said. "Our team is geared up and excited to grow the niche market of pediatric orthopedics. This is the start of a new chapter for WishBone Medical."
WishBone Medical previously received a $20 million investment from LKCM Headwater in 2020, and it was used for acquisition-related debt.