Grand Rapids, Mich., August 22nd, 2023 — Shoulder Innovations Inc. (SI), a Grand Rapids, Michigan-based leader in the shoulder replacement implant market, announced securing of a $45M debt facility in partnership with Trinity Capital. This is in addition to SI’s recent $42M Series D equity financing, which closed earlier this year.
Following the successful launch of its highly recognized InSetTM Shoulder Arthroplasty platform, this additional capital will bolster efforts to rapidly expand both commercial and technology initiatives for the company. SI has developed and commercialized their innovative and integrated InSetTM system, which includes the successful InSet™ Glenoid, Humeral Short Stem, Reverse, and Stemless components. SI has built a world-class product line which is gaining significant traction in the marketplace.