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MMI Raises $110 Million in Series C Financing

PRIVATEFeb 21, 2024

Amount Raised

$110 Million

Round Type

Series C

JacksonvilleBiotechnologySoftwareHealth CareMedicalMedical Device

Investors

Wellington PartnersSambatechRA CapitalPanakès PartnersFountain Healthcare PartnersDeerfield ManagementBio StarAndera PartnersFidelity Management & Research Company

Description

MMI (Medical Microinstruments, Inc.) announced a $110-million Series C financing led by Fidelity Management & Research Company, marking the largest ever investment in microsurgery innovation. The funds will support commercialization of the Symani® Surgical System in high-growth markets, continued investment in studies that generate clinical evidence and enable indication expansion, and accelerate advanced technology capabilities to scale its operational capabilities globally.

Quick answer

Medical Microinstruments raised $110 Million in a Series C round, dated February 21, 2024. Investors: Wellington Partners, Sambatech, RA Capital, Panakès Partners, Fountain Healthcare Partners, Deerfield Management, Bio Star and Andera Partners. Medical Microinstruments is based in Jacksonville, Florida, United States.

How much did Medical Microinstruments raise?
Medical Microinstruments raised $110 Million in a Series C round on February 21, 2024.
Who invested in Medical Microinstruments?
Wellington Partners, Sambatech, RA Capital, Panakès Partners, Fountain Healthcare Partners, Deerfield Management, Bio Star and Andera Partners are named as investors in this round.
What does Medical Microinstruments do?
Medical Microinstruments (MMI) specializes in developing the Symani Surgical System, which enables surgeons to mimic human hand movements at a microscale and broaden treatment options for soft tissue and open surgical..
Where is Medical Microinstruments based and how big is it?
Medical Microinstruments is based in Jacksonville, Florida, United States. Fundz records about 51 employees.
Who are the decision-makers at Medical Microinstruments?
Fundz holds 1 contact at Medical Microinstruments. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical and Medical Device around the same time

Companies in the same sectors as Medical Microinstruments that raised within 45 days of this round, from Fundz verified event records.

  • Syntropic Medical raised an undisclosed amount (Funding Round) on April 5, 2024.
  • Juniper Biomedical raised $3M (Seed) on April 2, 2024.
  • Protembis GmbH raised $32M (Series B) on March 26, 2024.
  • Flosonics Medical raised $20M (Series C) on March 19, 2024.
  • ConKay Medical Systems raised $1.8M (Seed) on March 18, 2024.
  • Spineart raised $21M (Convertible Note) on March 18, 2024.

Who to call at Medical Microinstruments, and when

A new round usually means Medical Microinstruments is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Medical Microinstruments

Location

Jacksonville, Florida, United States

About

Medical Microinstruments (MMI) specializes in developing the Symani Surgical System, which enables surgeons to mimic human hand movements at a microscale and broaden treatment options for soft tissue and open surgical procedures.

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Medical Microinstruments raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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