Medtronic joins $30m Spinal Modulation round

Jul 5, 2011 • Toby Lewis

US healthcare company Medtronic has joined the syndicate backing Spinal Modulation in its latest $30m funding round.

US healthcare company Medtronic is coming in alongside other existing investors in the $30m round for Spinal Modulation, including Johnson & Johnson Development Corporation, the corporate venturing arm of the eponymous healthcare products company.

Other investors that participated in the round were venture capital firms: DeNovo Ventures, DFJ ePlanet Ventures, InCube Ventures, Kleiner Perkins Caufield & Byers, MedVenture Associates and Raffles Venture Partners.

Spinal Modulation raised $27.4m in series C financing in 2009. It also raised $7m in series…

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