Press Release

Shoulder Innovations

Shoulder Innovations Announces Closing of $40 Million Series E Equity Financing 

Press Release /

Grand Rapids, MI – March 10, 2025 – Shoulder Innovations, a cultivate(MD) portfolio company, and a leader in shoulder replacement technology, today announced the closing of a $40 million Series E equity financing round. The financing was led by existing investor U.S. Venture Partners (USVP), with support from additional existing investors including Gilde Healthcare Partners, Gilmartin Capital, […]

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Prana Thoracic is a cultivate(MD) portfolio company

cultivate(MD) Invests in Prana Thoracic

Press Release /

Grand Rapids, MI – August 12, 2024 – cultivate(MD), a leading medical device venture capital company announced today its participation in the successful Series A extension round of Prana Thoracic, a Houston-based medtech startup.  The round, which was oversubscribed by 30%, secured an additional $3 million, bringing Prana Thoracic’s total funding to $9 million. This achievement underscores the

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Shoulder Innovations

Shoulder Innovations Further Strengthens IP Portfolio in Key Areas with Recent Patent Grants

Press Release /

Grand Rapids, MI – July 24, 2024 – Shoulder Innovations, a cultivate(MD) portfolio company and leader in shoulder replacement technology, today announced the United States Patent and Trademark Office (USPTO) has granted nine new patents over the past 18 months that significantly expand the Company’s intellectual property portfolio. The newly granted patents cover key areas within

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cultivate(MD) SPDx news

Sterile Processing Express (SPDx) Achieves Advanced Sterile Processing Certification from DNV GL

Press Release /

Grand Rapids, Mich., June 13, 2024 — Sterile Processing Express (SPDx) announced today that it has achieved a major milestone in its healthcare business development. SPDx has received an Advanced Sterile Processing Certification from DNV GL, a global independent certification, assurance, and risk management provider.  “Our team has diligently built a quality management system to provide the

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Virtual Incision cultivate(MD)

Virtual Incision Receives FDA Authorization for the First Miniaturized Robotic-Assisted Surgery Device

Press Release /

Grand Rapids, MI., February 27, 2024 – Virtual Incision, a cultivate(MD) portfolio company, has been granted marketing authorization of the MIRA™ Surgical System (MIRA) from the FDA. This marks a significant milestone as MIRA becomes the first miniaturized robotic-assisted surgery device in the world approved for adult colectomy procedures. The device was submitted via the FDA’s De Novo

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SpinTechMRI and Cultivate news and press release

SpinTech MRI and Canon Medical Systems USA Breaking New Ground with the Development of a Fully Quantitative Fast MRI Solution for Clinical Use

Press Release /

Physics-based STAGE™ quantitative output and ground truth data used with Canon AiCE (Advanced intelligent Clear-IQ Engine) deep learning reconstruction could significantly expand MRI access for neuroimaging BINGHAM FARMS, MI, and TUSTIN, CA, Jan. 16, 2024 – SpinTech MRI, creators of the STAGE™ (STrategically Acquired Gradient Echo) quantitative magnetic resonance imaging (MRI) software platform, and Canon Medical Systems

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