The financing includes $30 million in Series B equity from lead investors Sectoral Asset Management and Endeavour Vision. Existing investors — including Amzak Health, Smith+Nephew, DSM Venturing and the NFL Players Association — also joined the funding round.
Additionally, Miach Orthopaedics has signed a $10 million venture debt term sheet with Silicon Valley Bank. The Westborough, Massachusetts–based company plans to close the loan shortly after the closing of the Series B.
Sectoral and Endeavour will have representatives on the Miach board of directors.
“Since launching our Bear implant in fall 2021, we’ve received tremendous interest from both surgeons and patients alike, who understand the benefits of heali…