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Pioneer Surgical raises $30.5mm in private placement

Executive Summary

Orthopedic device firm Pioneer Surgical Technology raised $30.5mm in a Series A private financing led by Pharos Capital Group with additional participation from Highlander Partners, Hopewell Ventures, and River Cities Capital Funds. The company will use part of the proceeds for an IDE study of its NUBAC intradiscal device, which is a minimally invasive alternative to total disc replacement and fusion.
Deal Industry
  • Biotechnology
  • Medical Devices
    • Biomaterials
    • Implantable Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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