Holland medical device developer raises more than $21M in capital round

Raising nearly $21.6 million gives Shoulder Innovations Inc. the capital needed to scale up operations and bring new products to market.

The Holland-based company — which developed a new generation orthopedic shoulder implant — raised the Series C capital round from 24 investors. They include mostly existing shareholders as well as two California-based venture firms U.S. Venture Partners and Lightstone Ventures, which co-led the round and invested in Shoulder Innovations for the first time.