Tech Company Financing Transactions
VertiFlex Funding Round
VertiFlex, based in Carlsbad, secured $40 million from Endeavour Vision, H.I.G. Capital and Alta Partners.
Transaction Overview
Company Name
Announced On
3/9/2017
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Endeavour Vision (Lead Investor)
H.I.G. Capital (Lead Investor)
Proceeds Purpose
Proceeds from the financing will primarily be used to fund U.S. commercial expansion of the company's Superion® Indirect Decompression System, a minimally invasive spinal implant designed to treat moderate lumbar spinal stenosis, a painful and often debilitating condition that affects an estimated 500,000 new patients every year in the United States.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
2714 Loker Ave. West 100
Carlsbad, CA 92010
USA
Carlsbad, CA 92010
USA
Phone
Website
Email Address
Overview
VertiFlex is a privately held medical device company dedicated to the advancement of minimally invasive solutions for the treatment of lumbar spinal stenosis(LSS), which is the leading cause of spinal surgery in the elderly. Our focus is to resolve the pain of LSS, helping patients regain active and productive lifestyles.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Earl Fender
Chief Financial Officer
Jeffrey Swiecki
Vice President
Michael Enxing
VP - Human Resources
Bick Sellers
VP - R & D
J. P. Timm
VP - Regulatory Affairs
Steven Reitzler
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