OrthoSpin Completes $3M Funding Round (FINSMES)
OrthoSpin Ltd., a Misgav, Israel-based developer of smart, robotic external fixation system for orthopedic treatments, completed an investment round of $3m.
The round was led by Johnson & Johnson Innovation – JJDC.
The company intends to use the funds to accelerate the development process and broaden its clinical trials.
Founded in December 2014 and led by Oren Cohen, CEO, OrthoSpin aims to provide a new robotic treatment system for use in orthopedics, specifically external fixation. The system makes pre-programmed adjustments automatically and continuously – without the need for patient involvement. Integrated software enables physicians to chart patient progress, and, when required, immediately adjust treatment programs.
OrthoSpin is a portfolio company of The Trendlines Group Ltd.