Vertera Spine raises $3M from 29 investors: 4 key notes

Spinal Tech

Atlanta-based Vertera Spine raised $3 million, according to a Mass Device report.


Here are four things to know:


1. The company raised funding in an equity offering, exchanging equity for a minimum $2,000 investment from 29 investors.


2. Vertera Spine focuses on spinal technologies using the patented porous PEEK technology. The company partners with the Georgia Institute of Technology and Duke Angel Network. The Georgia Research Alliance and National Science Foundation supported the company's efforts to commercialize its Scoria technology.


3. Vertera's COHERE Cervical Interbody Fusion System is available in the United State. The implant is designed to mimic physical bone properties and provide the radiolucency of PEEK.


4. Last year, spine surgeons Frank Phillips, MD, of Rush University in Chicago, and James Chappuis, MD, of SpineCenterAtlanta became the first surgeons to use the COHERE device.


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