SpineWave Raises $45 Million

SpineWave Inc., a Shelton, Conn.-based medical device company focused on spinal surgery solutions, has raised $45 million in Series D funding. The round was led by Compass Global Fund, an investment group of the Cotrel family that is managed by Compass Financial Advisors. Return backers included New Enterprise Associates, Sprout Capital, Canaan Partners, Thoma Cressey Equity Partners, CHL Medical Partners, Morgenthaler Venture Partners, Foundation Medical Partners and California Technology Partners. www.spinewave.com