Invuity, a leading developer of state-of-the-art surgical visualization and illumination technology, has raised a $25 million Series D round of financing to expand the development, manufacturing and commercialization of the company's advanced medical devices.
The financing was led by Valence Advantage Life Sciences Fund II ("Valence Advantage"), which is run by the team that also manages the Caxton Advantage Life Sciences Fund. Existing investors Kleiner Perkins Caufield & Byers and InterWest Partners also participated in the financing round, along with Wexford Capital. Eric Roberts from Valence Advantage will join Invuity's Board of Directors.
"Invuity has done a remarkable job of commercializing breakthrough products which are essential in surgical specialties, such as spine, orthopedics and key sectors of oncology including breast and thyroid," said Roberts, a managing director and the co-founder of Valence Life Sciences. "As a result of Invuity's novel products, the company has had rapid market adoption and has entered into partnerships around specific products with some of the world's largest medical device companies."