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Tela Bio raises more than $2 million

December 11, 2018 By Chris Newmarker

Tela BioRegenerative surgical implants company Tela Bio has brought in more than $2 million in investments, according to a recent U.S. Securities and Exchange Commission filing.

The Malvern, Pa.–based company had sought to raise a total $3 million, according to the SEC Form D filed Dec. 4.

Privately-held Tela Bio announced in March that it landed a $1 million investment from ProMedica, a nonprofit healthcare group serving northwest Ohio and southern Michigan.

The company said a month later that Checkmate Capital, a strategic investment group based in Los Angeles and Beijing, had agreed to an initial Series B investment.

Tela Bio’s OviTex reinforced bioscaffolds products are meant for hernia repair and abdominal wall reconstruction. They compbine polymer and biologic materials in what the company describes as a uniquely embroidered construction.

 

Filed Under: Business/Financial News, Funding Roundup, Wall Street Beat Tagged With: telabio

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