Monday, April 18, 2011

Spine repair device maker Benvenue Medical raises $35.5M

Benvenue Medical Inc. said Monday it closed a third round of funding with $35.5 million.
The Santa Clara company, which develops minimally invasive solutions for spine repair, said it is entering a $9 billion global spinal device market with three breakthrough minimally invasive products to treat vertebral compression fractures and degenerative disc disease.
The round was co-led by new investors, San Diego-based Domain Associates and Palo Alto-based Technology Partners.
Also participating were Versant Ventures and DeNovo Ventures, which both have offices in Menlo Park.

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