Small Bone Innovations Raises $15M in Series F Financing

Small Bone Innovations, Inc., an orthopedics company focused on technologies and treatments for joint repair and trauma reconstruction around the small bone joints of the thumb, fingers, hand, wrist, elbow, toe, foot and ankle, has raised $15m in Series F financing.

The round was led by a fund formed by Viscogliosi Brothers, LLC, with participation from Khazanah Nasional Berhad, the investment firm of the Government of Malaysia, NGN Capital and other existing investors.

As also stated by Anthony G. Viscogliosi, SBi’s Chairman and CEO, the proceeds from the expansion capital will be used to continue to drive further growth of the STAR™ total ankle joint replacement system, as well as the stable core upper limb arthroplasty and trauma reconstruction portfolio of products.

Founded in 2004, SBi has received:

– $12m in Series E funding from Olympus Corporation in March 2010.

– $30m in debt facility from Fortress Investment Group in November 2009.

– $144m in Series D and Series C rounds of financing in June 2009.

The company has facilities in New York, NY, Morrisville, PA, Bourg-en-Bresse, France, Donaueschingen, Germany, and Kuala Lumpur, Malaysia.

17/12/2010