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Series B generates $20mm for Carticept Medical

Executive Summary

Carticept Medical (devices for cartilage repair and osteoarthritis) raised $20mm in its Series B round to first-time backer and ultrasound specialist SonoSite and returning Series A participants Domain Associates and New Enterprise Associates. The company will use the funds to launch its Navigator medication delivery system, and for clinical development of the Cartiva synthetic cartilage implant.
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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