Pivot Medical Gets $32M In VC Financing

Pivot Medical, an emerging leader in minimally invasive hip restoration, has secured $32 million in series C venture capital financing. The investment round was led by global private equity investment management firmAdams Street Partners.

New investorDelphi Ventures, founding investorMontreux Equity Partnersand existing investorIvy Capital Partnersalso took part in the fundraising. The company will use the proceeds to support the commercial launch of its Pivot Hip Arthroscopy System in the U.S. and Europe to boost its clinical research programs. Michael Lynn of Adams Street Partners andJohn Maroneyof Delphi Ventures will join Pivot Medical’s board of directors.

Click here for the release fromBusiness Wire.