Orthopedic device company EDGe Surgical secured $4 million in series A financing.
Here's what you should know:
1. EDGe Surgical's series A round included $3 million as well as a convertible note, for a total of $5.7 million in funding. All funding came from angel investors.
2. EDGe Surgical will devote the funding to manufacturing, marketing and sales for its first device, the EDG Ortho 65 millimeter. The single-use, digital electronic depth gauge is designed to help surgeons more accurately and safely place screws in orthopedic procedures.
3. The funding will also go toward developing and launching a second EDGe Surgical device for spine surgeries.