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SpineGuard raises $11 million in financing

SpineGuard, a French medical device start-up, has raised a first funding round of $11 million with Credit Agricole Private Equity, Innoven Partenaires, and A Plus Finance.

The company has used part of the proceeds to acquire the PediGuard unit from SpineVision. SpineGuard was advised on both transactions by Aelios Finance.

Ms Bette, chief technology officer of SpineGuard, said: “SpineGuard is totally committed to establishing PediGuard as the standard of care in pedicle screw placement. Toward this end, we have a team of 15 accomplished individuals divided between San Francisco and Paris, all of them very experienced in spine.”