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Spinal Restoration Gets $16M

Austin, Texas-based Spinal Restoration said this morning that it has closed on $16M in a series B funding round. The round included Sante Health Ventures and MB Venture Partners, along with prior investors Austin ventures and Path4 Ventures. Spinal Restoration said it will use the funding to complete clinical trials of its treatment for discogenic low back pain. Kevin Lalande of Sante Health ventures and Gary Stevenson of MB Venture Partners join the firm's board as part of the funding. More information »