Here are four takeaways:
1. Led by existing investors New Enterprise Associates and Acadia Woods, the financing round also included other investors including Compass Global Fund, Industry Ventures and California Technology Partners.
2. Spine Wave will use the proceeds to fund the largest product portfolio expansion in the company’s history.
3. The company is anticipating the full commercial launch of seven new products over the next 12 months to 18 months.
4. Spine Wave’s portfolio includes a number of spine device products, including the StaXx XD Expandable Device and the Leva Interbody Device.
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