I-Spine Raises $24 Million

Interventional Spine Inc., an Irvine, Calif.-based developer of percutaneous spinal devices, has raised $24 million in Series C funding. Ascension Health Ventures led the deal, and was joined by Wexford Capital LLC, HBM BioVentures, Rock Creek Partners and affiliates, The MedFocus Fund, LLC, and a group of current investors. VentureWire puts the post-money valuation at $70 million. www.i-spineinc.com