Orthopedic Brace Startup OrthoSpin Raises $5 Million
OrthoSpin develops an electric brace designed to help with bone lengthening, setting complex fractures, and correcting deformities
OrthoSpin Ltd., an Israel-based startup developing an auto-adjusting orthopedic brace, has raised a $5 million series B funding round, the company announced Tuesday. The round was led by Johnson & Johnson Innovation–JJDC Inc. with participation from Trendlines Group Ltd.
Founded in 2014 and based in northern Israel, OrthoSpin develops an electric brace designed to help with bone lengthening, setting complex fractures, and correcting skeletal? deformities. Medical treatment in these cases has typically required the use of a brace that is adjusted manually by a doctor. The company’s product reduces the number of patient visits during the course of recovery and allows the doctor to monitor progress remotely.
OrthoSpin CEO Oren Cohen. Photo: Trendlines
In July 2018, Johnson & Johnson led a $3 million funding round in the company.
OrthoSpin intends to use the funds to accelerate product development and move into clinical use.