Italy-based bone implant developer GreenBone Ortho has raised €8.4m ($9.4m) in a round that included Helsinn Investment Fund, the corporate venturing arm of pharmaceutical company Helsinn.
Invitalia Ventures, Innogest and Italian Angels for Growth (IAG) also took part in the round, alongside various angel investors. IAG and ZernikeMeta Ventures had previously contributed to GreenBone’s last round, in which it raised €3m in September 2015.
GreenBone is working on load-bearing implants that can help bones regenerate following fractures or medical conditions that cause significant bone loss. It aims to complete clinical development of its first product by 2019.