CED
member River Cities Capital Funds has added to
its investment in OrthAlign, Inc as a co-lead on a $15 million preferred series
capital raise. According to River cities, the growth capital will be used
to launch the new hip product OrthAlign Plus®, increase OrthAlign’s sales and
marketing activities, and continue OrthAlign’s international distributor
expansion. River Cities and the other preferred series shareholders have the
ability to provide additional working capital to fund future growth initiatives
as strategic opportunities arise.
Read the full press release here.
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