Biorez™ Raises $3.5 Million to Close Out $7 Million in Seed Financing (press release)
Biorez, Inc., a medical device company advancing tendon and ligament repair, announced today that it has raised $3.5 million in its Series Seed financing, adding to $3.5 million raised previously. The financing round was led by New York Angels, with participation from Connecticut Innovations, Pritzker Vlock Family Office, Brainchild Holdings, and The Vertical Group.
Biorez has pioneered the BioBrace™ implant, a breakthrough material featuring a highly porous collagen sponge reinforced with bioresorbable microfilaments. The BioBrace implant is intended to augment and reinforce a wide range of tendon and ligament procedures, including rotator cuff repair and ACL reconstruction.
“Our vision is to help patients return to normal activity sooner and safer,” said Kevin Rocco, President and CEO of Biorez. “BioBrace has the potential to create a new category of implant materials known as “biocomposites” that contain both biologic and synthetic materials. This rationally-designed approach creates an opportunity for more durable surgical repairs and faster healing, which we intend to prove clinically.”
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