Axis Spine Technologies Ltd (AST) has raised GBP2.2 million in a funding round led by ACF Investors, with follow-on investment from Mercia’s EIS funds. Mercia was the first investor when Axis was founded by Jon Acros in 2017.
Axis is developing the next generation of Anterior Spinal Implant technology which provides surgeons with increased correction and alignment options. Its modular devices are inserted with less force than conventional implants to reduce the risks of structural damage which can lead to subsidence, an under-reported and recognised complication.
The Axis-ALIF, Axis Spine’s first implant system, has already attracted commercial interest in pre-release activities and will soon demonstrate its clinical benefits with several top US spine surgeons that are ready to start using the device. The funding will be used to support the launch of the new device in the USA, and also to progress developments of Oblique, Lateral cage implants, as well as a highly differentiated access system.
Read more at: Private Equity Wire
