Small Bone Innovations (SBI), a US-based orthopedic company treating the small bones and joints, has raised $15m in its series F round from a consortium led by merchant bank Viscogliosi Brothers’ investment fund.
Alongside Viscogliosi in the F round were Khazanah Nasional Berhad, the investment firm of the Malaysian government, and venture capital firm NGN Capital, as well as other previous investors.
Earlier this month, SBI sold its division dealing with shoulder problems to France-based Fx Solutions for an undisclosed amount and in March it raised $12m in its series E round from Japan-based conglomerate Olympus.
Previously, SBI raised about $200m from investment bank Goldman Sachs; Khazanah Nasional Berhad; the Family Office of Bahrain; and venture capital firms Malaysian Technology Development, vTrevi Health Ventures, NGN Capital, 3i Group and TGap Ventures; as well as merchant bank Viscogliosi Brothers that created the company through a series of bolt-on deals in 2005.