Axis Spine Technologies Ltd has raised £1.06m in a funding round with follow-on investments from Mercia and ACF Investors, as well as a syndicate of angel investors.
Axis is developing the next generation of Anterior Spinal Implant technology. Axis’s modular fusion devices are inserted with less force than conventional implants to help reduce the risks of structural damage to the vertebral bones which may lead to implant subsidence, which Axis believes is an under-reported and recognized complication. The modular technology enables surgeons to achieve corrections not possible with other devices and thus aiding the re-balancing of the spine. This is done with fewer part numbers compared to conventional systems resulting in optimized health economics.