Ceterix Lands $19.5M

Menlo Park-based Ceterix Orthopaedics, a developer of surgical tools used for arthroscopic surgery, has raised $19.5M in a Series B funding, the company said today. The round was led by Novo Ventures, and also included Versant Ventures and 5AM Ventures. Ceterix said that Peter Bisgaard of Novo Ventures joins the company's board with the funding. Ceterix is developing surgical tools for arthroscopic procedures, which the firm says enables surgeons to place stitches in very tight joint compartments, while protecting sensitive surrounding structures such as nerves, arteries and cartilage. More information »