Baxano Raises $20 Million

Baxano Inc., a Mountain View, Calif.-based developer of minimally-invasive spinal devices, has raised $20 million in Series B funding, according to a regulatory filing. VentureWire reports that Kearny Venture Partners led the round, and was joined by return backers Prospect Venture Partners and Three Arch Partners. The company had previously raised $8.64 million. www.baxano.com