HOLLAND, MI, Shoulder Innovations, a developer of shoulder replacement systems, has closed a $21.6 million financing round.
The round was led by US Venture Partners and Lightstone Ventures, with participation from Alumni Venture Partners, Wakestream Ventures, Biosciences Research and Commercialization Center of Western Michigan University, Invest Michigan, and the Michigan Angel Fund, among others.
Shoulder Innovations is a medical device company that has developed inset glenoid fixation technology, creating the most robust and stable glenoid platform in the industry. The company's Total Shoulder Replacement System addresses the most significant issue in shoulder arthroplasty: unreliable fixation of the glenoid implant.
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