Anulex Tech Raises $10.2 Million

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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

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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