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Print Edition StoriesFriday, February 29, 2008
Arthrosurface adds $4M to coffers in sixth round
Arthrosurface Inc. has raised $4 million in a preferred stock Series F equity financing.
The medical devices company, which develops joint resurfacing systems, said the financing was funded by Boston Millennia Partners and unnamed private investors. The company said it would use the financing for product launches, hiring in its sales department and working capital.
Arthrosurface said it has raised a total of $31 million in equity financing.
Arthrosurface's HemiCAP systems consist of a range of contoured articular prosthetics and instrumentation intended for the repair of significant lesions and cartilage damage in the major joints.
Franklin-based Arthrosurface spun out of Stoughton medical device maker STD Med Inc. in 2002.
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