EDGe Surgical, Inc., a Chicago, IL-based medical device company focused on innovative precision measurement solutions for orthopedic surgery, completed $4m in financing.
The Series A round included $3m raised plus a convertible note, bringing total funding secured by the company to $5.7m, all from angel investors.
The company intends to use the funds for increased manufacturing, marketing and sales surrounding its first device, the EDGĀ® Ortho 65mm, as well as development and launch of a second device focused on the spinal surgery market.
Founded in 2015 and led by Christopher Wilson, president and CEO, EDGe Surgical is focused on developing and delivering products that deliver precision to healthcare professionals specializing in orthopedic trauma and spine surgery ā a potential $1.1 billion U.S. market.
To this end, the company is advancing the EDG Ortho 65mm, a single-use electronic depth gauge designed to measure length for orthopedic surgical screws, and also mitigate bioburden contamination, a leading cause of surgical site infections.
FinSMEs
12/12/2018