Spineguard has secured €7.7M of debt financing through an Innovation Loan of €1.5M with Bpifrance and the issuance of four tranches of bonds totaling €6.2M with IPF Partners. The first tranche of €3M was drawn on December 28, 2015.
Manuel Lanfossi, CFO of SpineGuard, says, “This funding from Bpifrance and IPF Partners endorses SpineGuard’s strategy and will underpin its sales momentum for the next 3 years. The funding strengthens our financial position in a flexible way and allows us to accelerate the new-product launches from our…pipeline. In particular, we are excited about the upcoming launch of PediGuard Threaded and the ‘smart screws’ that we have been developing with our industry partners.”