What is OrthAlign?
OrthAlign provides advanced computer-assisted surgery technology to orthopedic surgeons, focusing on precise alignment during hip and knee replacement procedures. Their core product, the Lantern platform, supports a range of arthroplasties including total hip, total knee, revision knee, and partial knee procedures. The company's mission is to make empowering healthcare technologies accessible to all, thereby ensuring exceptional patient care. OrthAlign's solutions are designed for user-friendliness and cost-effectiveness, making them suitable for any surgeon in any operating room environment. The company's commitment to innovation in surgical alignment technology positions it as a key player in the medtech industry.
How much funding has OrthAlign raised?
OrthAlign has raised a total of $37.2M across 5 funding rounds:
Series A
$7.2M
Private Equity
$4M
Series C
$15M
Series D
$10M
Debt
$1M
Series A (2009): $7.2M with participation from Research Corporation
Private Equity (2010): $4M, investors not publicly disclosed
Series C (2014): $15M supported by River Cities Capital Funds and Mutual Capital Partners Funds
Series D (2017): $10M featuring Mutual Capital Partners, River Cities Capital Funds, California Technology Ventures, LLC, and Research
Debt (2020): $1M backed by PPP
Key Investors in OrthAlign
River Cities Capital Funds
River Cities Capital Funds is a growth equity firm that focuses on building high-potential healthcare companies by leveraging medical devices, healthcare services, and healthcare IT. They are dedicated to investing in companies that enhance patient outcomes and improve care delivery.
Mutual Capital Partners Funds
Mutual Capital Partners is a venture capital fund that invests in early-stage software and medical device companies, particularly in the Midwest. They provide financial support and guidance to innovative healthcare startups.
California Technology Ventures, LLC
California Technology Ventures specializes in direct investments in technology and life science companies, focusing on building world-class enterprises. They offer capital, resources, and strategic guidance to entrepreneurs.
What's next for OrthAlign?
With a recent major strategic investment and a history of substantial capital raises, OrthAlign is poised for significant expansion. The company's focus on enhancing precision in hip and knee replacements, coupled with its accessible technology solutions, suggests a strategic direction towards broader market penetration and potentially new product development. The enterprise-level funding indicates a strong confidence from investors in OrthAlign's business model and its capacity to scale operations. Future endeavors will likely involve leveraging this capital to enhance its technological offerings, expand its sales and support infrastructure, and further solidify its position as a leader in computer-assisted orthopedic surgery.
See full OrthAlign company page
