SpinalMotion adds another $11 million to a funding round begun back in 2011, taking the total raised to nearly $26 millionSpinalMotion said it’s raised another $10.5 million, taking the total raised in the funding round to $25.5 million, according to a regulatory filing.
The Mountain View, Calif.-based medical device company raised the cash in an offering of equity, debt, options and warrants to 15 unnamed investors, according to the filing.
The first tranche of $7.7 million closed June 2, 2011, according to the SEC filing. A 2nd, $3.0 million round closed April 17, 2012; a 3rd round worth $2.8 million closed Sept. 6, 2012; a $1.5 million round closed Jan. 11 of this year; a $5 million round was added in March and a final, $5.5 million round closed Sept. 20.
SpinalMotion won CE Mark approval in the European Union for a pair of its Kineflex cervical disc implants in March 2012. In May, it won a review date with the FDA for its pre-market approval application for the devices. But the advisory panel meeting, slated for July 24-25, was cancelled without explanation in May.