UK-based spine device company raises $3.1M, will use funds to launch devices in US

Eric Oliver -   Print  |

U.K.-based Axis Spine Technologies closed a $3.1 million (£2.2 million) funding round, Finsmes reported Feb. 24.

ACF Investors' Delta Fund led the round with participation from Mercia's EIS fund. Simon Cartmell also led a solo investment.

Axis Spine Technologies will use the funds to launch devices in the U.S. and further develop its Oblique and Lateral cage implant systems.

The Axis-ALIF received FDA-clearance in May 2020, and the first surgery was completed with the devices in Atlanta in November 2020.

Note: Conversion from pound to USD was current as of Feb. 24.

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