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Anulex Tech Raises $10.2 Million

Anulex Technologies Inc., a Minnetonka, Minn.-based maker of medical devices for spinal disk preservation and anular repair, has raised $10.2 million in fourth-round funding, according to a regulatory filing. It had previously raised around $34 million, from firms like Delphi Ventures, New Enterprise Associates, St. Paul Venture Capital, Affinity Capital Management, MB Venture Partners and SightLine Partners. It also secured a $7 million “growth capital term loan” from Silicon Valley Bank. www.anulex.com

Josh Sandberg

Josh Sandberg is the President of Ortho Sales Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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One Comment

  1. More money for a technology with no “real” value (near or long term,) and continued billing and payment issues is a surprise. Additionally, R. Lunsford, Pres., is not some one to bet on, at all.

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