What is Spine Wave?
Spine Wave is a prominent player in the medical device industry, specializing in advanced expandable fusion technologies designed to offer less invasive solutions for spine surgeons and their patients. The company boasts a comprehensive portfolio of differentiated spine technologies, including the Leva® Interbody Device and GraftMag® Graft Delivery System, alongside numerous other innovative products. Spine Wave's commitment to developing cutting-edge solutions positions it as a leader in improving spinal surgical outcomes.
How much funding has Spine Wave raised?
Spine Wave has raised a total of $155.8M across 9 funding rounds:
Series B
$22.3M
Series C
$36.5M
Series D
$45M
Series E
$17.6M
Debt
$4.4M
Other Financing Round
$11M
Debt
$2M
Debt
$2M
Series B (2003): $22.3M led by Morgenthaler Private Equity, Collinson Howe & Lennox, New Enterprise Associates, Canaan Partners, NeuroVentures Capital, California Technology Ventures, LLC, Thoma Cressey Equity Partners, and New Venture Partners
Series C (2006): $36.5M supported by Canaan Partners, Thoma Cressey Equity Partners, New Enterprise Associates, Sprout Capital, Morgenthaler Venture Partners, CHL Medical Partners, California Technology Partners, and Foundation Medical Partners
Series D (2007): $45M featuring Foundation Medical Partners, Sprout Group, Thoma Cressy Equity Partners, Inc, CHL Medical Partners, New Enterprise Associates, California Technology Partners, Morgenthaler Private Equity, and Canaan Partners
Series E (2011): $17.6M backed by New Enterprise Associates, New Leaf Venture Partners, Canaan Partners, Foundation Medical Partners, and Morgenthaler Private Equity
Debt (2016): $4.4M with participation from MB Ventures, Industry Ventures, New Enterprise Associates, and California Technology Partners
Other Financing Round (2016): $11M led by MB Venture Partners, Collinson Group, California Technology Ventures, LLC, and Acadia Woods Partners
Debt (2020): $2M supported by PPP
Debt (2021): $2M featuring PPP
Key Investors in Spine Wave
New Enterprise Associates
New Enterprise Associates (NEA) is a venture capital firm established in 1977, focusing on helping entrepreneurs build businesses. They are known for their significant investments across various technology and healthcare sectors.
Canaan Partners
Canaan is an early-stage venture capital firm that invests in technology and healthcare companies, backing founders from seed through growth stages. Their expertise spans enterprise software, fintech, consumer, biopharma, and digital health.
Morgenthaler Private Equity
Morgenthaler is a venture capital and private equity firm with extensive experience in creating valuable companies, specializing in investments within the Information Technology and Life Sciences sectors.
What's next for Spine Wave?
The recent strategic investment signals a new phase of growth for Spine Wave, likely focused on expanding its product development pipeline, enhancing manufacturing capabilities, and broadening its market reach. The company's consistent history of securing substantial funding rounds indicates a strong investor confidence in its technology and business strategy. Future initiatives may include further product innovation, strategic partnerships, and increased sales and distribution efforts to capitalize on the growing demand for advanced spinal fusion solutions.
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