THINK Surgical Secures Up to $65 Million in Growth Capital from Symbiotic Capital
THINK Surgical has entered into a debt facility with Symbiotic Capital that will provide up to $65 million in growth capital, announced in a press release. The agreement includes an initial $25 million tranche, with an additional $15 million tied to milestones and a further $25 million available at Symbiotic Capital’s discretion.
The funds will support THINK Surgical’s dual channel commercial strategy for its TMINI Miniature Robotic System, which is compatible with about 70% of total knee implant market share. The company stated that this facility, combined with recent investor support, is expected to fund operations through profitability.
Symbiotic Capital said it was impressed by TMINI’s design and its potential to advance orthopedic surgical robotics. Piper Sandler acted as the financial advisor for THINK Surgical in this transaction.
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