LEESBURG, VA – K2M, Inc., a developer of spine technologies, has announced that it closed on a $21.5 million investment round led by Ferrer Freeman & Company and joined by BETA.
Founded in 2004, K2M has a portfolio of more than 70 issued and pending patents in the field of spine technology.
Proceeds from this financing will allow K2M to better support sales and marketing efforts, as well as further the development of a new spinal stabilization system to be announced in the third quarter. This investment also will help to fuel the continued development and commercialization of an extensive portfolio of unique spine products including a new approach to minimally invasive surgery and a new dynamic stabilization technology.
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