Pivot Medical, an emerging leader in minimally invasive hip restoration, has secured $32 million in series C venture capital financing. The investment round was led by global private equity investment management firm Adams Street Partners.
New investor Delphi Ventures, founding investor Montreux Equity Partners and existing investor Ivy Capital Partners also took part in the fundraising. The company will use the proceeds to support the commercial launch of its Pivot Hip Arthroscopy System in the U.S. and Europe to boost its clinical research programs. Michael Lynn of Adams Street Partners and John Maroney of Delphi Ventures will join Pivot Medical’s board of directors.
Click here for the release from Business Wire.