Press Release

cultivate(MD) Announces Portfolio Company, Virtual Incision Corporation, Appoints Jim Alecxih as Chief Executive Officer

Press Release / June 24, 2025

RAND RAPIDS, MI – June 24, 2025 – cultivate(MD), a leading medical device venture capital company, is pleased to announce that its portfolio company, Virtual Incision Corporation, the developer of the MIRA Surgical System authorized by the FDA through the De Novo regulatory pathway, has appointed Jim Alecxih as chief executive officer. Alecxih, a recognized commercial leader in the medical device industry, […]

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cultivate(MD) Announces Acquisition of Portfolio Company SPDx by Instrumentum

Press Release / June 11, 2025

Grand Rapids, MI – June 11, 2025 – cultivate(MD), a leading medical device venture capital company, is pleased to announce the acquisition of its portfolio company, Sterile Processing Express (SPDx), by Instrumentum, LLC, a fast-growing leader in surgical instrument sterilization services. This strategic acquisition expands Instrumentum’s operational footprint to five facilities across four states, significantly enhancing its capacity

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

Press Release / March 10, 2025

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 / August 12, 2024

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 Further Strengthens IP Portfolio in Key Areas with Recent Patent Grants

Press Release / July 24, 2024

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

Press Release / June 13, 2024

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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