- Neo Medical recently announced it raised $20.6 million in funding. These are the details.
Neo Medical – a Swiss-based medtech company developing value-based care solutions in spinal surgery – recently announced the closing of a USD $20.6 million financing round. This last funding round features Swisscom Ventures as lead investor, a testament to the expansion of the company’s spinal surgery integrated ecosystem in the digital space. In particular, the proceeds of this financing round will support the accelerated commercial deployment of Neo Medical ADVISE augmented reality platform for spinal surgery, with a particular focus on the US market.
ADVISE complements Neo Medical existing optimized implants and instruments platform, resulting in a total technology ecosystem, transforming spinal surgery. And Neo Medical universal implants, smart instruments, and software work together to create value at every level and for every stakeholder. The Swiss medtech company’s complete system of hardware and software technologies supports enhanced outcomes at each stage of the perioperative process: preoperative planning, intraoperative actions, and postoperative recovery.
KEY QUOTES:
“Over the past years, we have pushed our integrated physical platform for spinal surgery to levels never reached before, improving surgical outcomes, streamlining treatment cycles, and reducing environmental impacts, while lowering healthcare costs. Looking forward, we will focus on the commercial deployment of the digital component of our platform with ADVISE™, which for the first time bring surgeons real-time augmented reality (AR) visibility for patient specific spinal treatment.”
– Vincent Lefauconnier, Neo Medical CEO
“We have been deeply impressed with Neo Medical’s management team and their vision to digitalize the spinal surgery space. Swisscom Ventures is very excited to support the company with the roll-out of ADVISE™ and its expansion in the US market. The company is well positioned to scale up and reinforce its position as a global player.”
– Dr. Myoung-Ok Kwon, Investment Partner, Swisscom Ventures
“Improving surgical systems has benefits far beyond the OR. Our technologies are designed to improve outcomes and impacts at every level, decluttering the OR, cutting time spent in surgery, improving outcomes, lowering costs, and reducing environmental damage through material efficiency. As we continue to expand into the digital space, we seek to deliver a total smart surgery solution for surgeons.”
– Vincent Lefauconnier
