# Paradigm Spine

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paradigm-spine

- Industry: Medical Devices & Equipment
- Headquarters: New York, US
- Website: www.paradigmspine.com
- Total disclosed funding: $73M
- Latest round: Series C (May 9, 2012)
- Investors on record: 4

## About

Paradigm Spine LLC is focused on developing and commercializing innovative spinal implant products aimed at improving patient outcomes and enhancing motion preservation in spinal procedures.Founded in 2005 and headquartered in New York, US, Paradigm Spine LLC specializes in spinal solutions. The firm completed its most recent deal in November 2018, when RTI Surgical Inc. entered into a definitive agreement to acquire the company. Paradigm Spine has successfully raised a total of USD 10.00 mn, with its latest funding round being a VENTURE DEBT round amounting to USD 75.00 mn from PDL BioPharma.Paradigm Spine LLC offers a range of spinal implant products designed to improve patient outcomes. Their key products include the HPS™ 2.0 Hybrid Performance System, which enables multisegmental fusion while minimizing adjacent segment degeneration risk, and the Coflex® Interlaminar Stabilization® device, aimed at alleviating back and leg pain. Other offerings include the CoFix™ Posterior MIS Fusion System for segmental stabilization, and the Fortilink®-TC IBF with TiPlus™ Technology, promoting bone ingrowth. The DCI™ Dynamic Cervical Implant adds motion control to protect adjacent segments from degeneration. These products cater to the orthopedic and neurosurgical markets across North America, Europe, and selected regions in Asia.Paradigm Spine LLC operates primarily on a direct sales model targeting healthcare providers, such as hospitals and surgical centers. Revenue is generated through B2B transactions, with partnerships established to distribute flagship products like the HPS™ 2.0 and Coflex® devices. Sales occur on a per-unit basis, ensuring access to advanced spinal technologies for healthcare providers, although specific pricing details remain proprietary.Paradigm Spine LLC is focusing on expanding its product offerings and geographic reach. Upcoming products are in development, but specific details and release dates have not been disclosed. The company aims to penetrate new markets, particularly in Asia, by leveraging its recent funding to enhance product innovation and market entry strategies. The acquisition agreement with RTI Surgical Inc. in November 2018 may also influence future growth and integration into broader market channels.

## Funding rounds

- Series C, May 9, 2012, $14M — Viscogliosi Brothers
- Series E, Jul 27, 2009, $6.5M — Trevi Health Ventures, Praefinium Partners Limited
- Series E, Apr 1, 2008, $39M — Trevi Health Ventures, HealthCor Group
- Series D, Feb 5, 2007, $14M — HealthCor Group

## Investors

- HealthCor Group (https://capitalatlas.ai/funds/healthcor-group) — Series D, Series E
- Trevi Health Ventures (https://capitalatlas.ai/funds/trevi-health-ventures) — Series E
- Praefinium Partners Limited — Series E
- Viscogliosi Brothers (https://capitalatlas.ai/funds/viscogliosi-brothers) — Series C