This funding round will support four key areas of restor3d’s business
restor3d, an expert in 3D printed patient-specific musculoskeletal implants, has secured a $55 million Series A funding round led by private investors including Summers Value Partners and existing investors plus an additional $15 million in debt financing led by Trinity Capital.
The funding round follows the recent commercialization of restor3d’s AM process for femoral implants and will support 4 key areas of its business: launch of new 3D printed implant systems, investments in advanced AM processes and software & AI-based automation as well as expanded medical education programs.
restor3d ambitions to introduce new patient-specific implant systems for total ankle and shoulder replacements. These systems will offer 3D printed solutions that fit the unique anatomy and pathology of individual patients. In the patient-specific hip and knee portfolios, the company will continue to make product advancements including a porous press-fit knee enabled by 3D printing of both the tibial and femoral components.
While it does not mention which type of AM process will be added to its rapid in-house ‘powder to sterile product’ production environment, restor3d explains that it aims to shorten personalized implant delivery times while simultaneously reducing production costs.
With new software and design automation tools, the team will speed their case intake and design processes, reduce digital design times, and improve service levels to surgeons and their patients.
Lastly, through the medical education programs, surgeons and sales team could benefit from comprehensive training on the latest technologies and surgical techniques in orthopedic and reconstructive surgery.
“This fundraising round is a testament to the confidence our investors have in restor3d’s vision and potential,” said CEO Kurt Jacobus. “With this capital, we can accelerate our efforts to transform orthopedic care through 3D printed personalized implants. We are eager to maximize our impact on patient outcomes and continue to advance of orthopedic care. We are grateful for the support from our investors and look forward to a future of continued growth and success.”
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