Ranier Raises Third Round

Ranier Technology, a Cambridge, UK-based maker of spinal implant products, has raised Gbp8 million in third-round funding from Alliance Trust Equity Partners and First Ventures.

PRESS RELEASE

Ranier Technology, a Cambridge, UK-based maker of spinal implant products, based spinal implant development company, has secured an Gbp8 million ($16 million) investment from new and existing investors to further develop and commercialise its motion preserving spinal implant products. The investment was made by Alliance Trust Equity Partners (ATEP) and First Ventures to fund the clinical testing and European launch of CAdisc L, the lumbar version of Ranier's compliant replacement spinal disc. In addition, the funding will enable the company to further develop and test CAdisc C