Biodegradable orthopedic balloon co Ortho Space Ltd. has raised $2.6 million at a company value of $11.5 million, after money. TriVentures LP led the round.
Ortho Space is a subsidiary of Bioprotect Ltd. Both companies are graduates of Xenia Venture Capital Ltd. (TASE:XENA) incubator. Ortho Space’s balloons are used to treat torn ligaments in the shoulder, and have been implanted in 150 patients to date in a clinical trial.