Last deal

Amount

Venture - Series Unknown

Stage

01.12.2008

Date

2

all rounds

$30.5M

Total amount

date founded

Financing round

General

About Company
Pioneer Surgical Technology is a medical company that develops and provides surgeons with a range of implants.

Industry

Sector :

Subsector :

founded date

01.01.1992

founders

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

They also offer donor services for tissue donation. Founded in 1992, the company focuses on creating innovative medical devices that improve patient outcomes and meet the needs of surgeons. Pioneer Surgical Technology was acquired by RTI Biologics in 2013 to form RTI Surgical, a company dedicated to creating cost-effective medical devices for spinal and orthopedic applications.
Contacts
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M&A Details
1

Transaction name

Acquired by

Surgalign

announced date

12.06.2013

price

$130M

Financials

Funding Rounds
2
2

Number of Funding Rounds

$30.5M

Money Raised

Their latest funding was raised on 01.12.2008. Their latest investor Hopewell Ventures. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
InvestMichigan

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RC Capital

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Co-Investors
Investors
5
3

Number of lead investors

5

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Venture - Series Unknown
Hopewell Ventures

Hopewell Ventures

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Sector

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Subsector

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Jeffrey Lampe

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49

count Of Exists

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Carter McNabb

Carter McNabb

Carter McNabb joined River Cities Capital Funds in 1999 and leads the firm's healthcare investing practice with concentration on medical device and technology-enabled healthcare service companies. Previously, Mr. McNabb worked in marketing and business development for Home Technology Healthcare, a comprehensive home healthcare company offering nursing, DME, infusion therapy and hospice across the southeast. Home Technology Healthcare was private equity financed by Willis Stein & Co. and acquired by Integrated Health Services in 1997. Carter worked in equity research at J.C. Bradford & Co. (now part of UBS) while attending business school at Vanderbilt University. He is a graduate of Trinity College in Hartford, CT. He has led over 14 healthcare investments for River Cities during his tenure and currently serves as Director on the boards of OrthoHelix Surgical Designs, OrthoScan, Nico Neuro, Health Integrated, AcceleCare Wound Centers, and SurgiQuest.

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RC Capital
RC Capital
Rik Vandevenne

Rik Vandevenne

Rik joined River Cities in 2004 to focus on information technology and healthcare investment opportunities. He brings to River Cities a strong background in strategy and business management at high-growth companies. Rik is responsible for sourcing and evaluating new investment opportunities and working with executives in portfolio companies on marketing, sales execution, product development and strategy. Prior to his private equity career, Rik gained experience working with venture backed companies in the strategy group of Scient, a global eBusiness consulting firm. Before Scient, Rik worked for four years at Accenture, first in the healthcare services group and then at the Internet Center of Excellence where he helped launch several venture-backed companies as well as worked on the team that developed the online music platform for BestBuy. Rik serves on the boards of Netsertive, APS, Continuity and Univa and is an observer at Veran Medical. Rik was previously an observer on the board of Pioneer Surgical, sold to RTI Surgical (Nasdaq: RTIX) in 2013 and was on the board of EndoChoice (NYSE: GI) which sold to Boston Scientific for $210MM in 2016. He was previously on the board of Fullscope (sold to Edgewater (Nasdaq: EDGW) in 2009). Rik graduated from Vanderbilt University where he received his BE in Mechanical Engineering, and he received an MBA from Duke University. Rik was until recently the chairman of the Governance Group for the Center for Entrepreneurial Development (CED), one of the largest entrepreneurial organizations in the country, and is a frequent guest lecturer at Duke University on Entrepreneurship and Venture Capital. Rik is also a member of the Board of Directors of the Southeastern Medical Device Association (SEMDA), which supports and promotes medical device companies in the Southeast.

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RC Capital
Acquisitions
2
Acquiree Name 
Date 
Price 
Acquisition Name 

Angtrom Medica acquired by Pioneer Surgical

acquirer

Pioneer Surgical
Pioneer Surgical

date

24.10.2007

type

Acquisition

Angtrom Medica

Angtrom Medica is a biomaterials and medical device company specializing in nanocrystalline calcium phosphate technology.

Sector

Chemicals

Subsector

Specialty Chemicals

Keywords

Biotechnology, Health Care, Medical

Location

Woburn, MA, USA

Encelle acquired by Pioneer Surgical

acquirer

Pioneer Surgical
Pioneer Surgical

date

04.06.2007

type

Acquisition

Encelle

Encelle Inc. has created a groundbreaking injectable biopolymer for tissue regeneration.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Location

Raleigh, NC, USA

total rounds

1

total raised

$4M

People

Founders
1
Edward Ahn
Edward Ahn

Edward Ahn

Edward Ahn is the Chief Technology and Strategy Officer at Anika Therapeutics, Inc. since October 30, 2014. Most recently, Edward was Managing Director and Chief Science Officer at MedCap Advisors where he built merger strategies, strategic partnerships and licensing agreements for emerging medical device, biotechnology and biological organizations with a focus on regenerative medicine. Prior to his work at MedCap, Edward was Vice President of Product Development for Pioneer Surgical Biologics. In this role Edward directed Pioneer Surgical Biologic’s product development policies, objectives and initiatives. Edward has also served as Chief Executive Officer, Chief Technology Officer and Founder of Angstrom Medica, Inc., a company based upon his doctoral thesis work and focused on commercializing nanotechnology in the area of Orthopedics. Edward holds a B.S. degree in Chemical Engineering from Stanford University and M.S. degree (Chemical Engineering Practice) and Ph.D. in Chemical Engineering from Massachusetts Institute of Technology.

current job

X-Factor Capital
X-Factor Capital

organization founded

1

Edward Ahn

Employee Profiles
6
Michael Gross

Michael Gross

Team Member

Paul Mraz

Paul Mraz

Chairman of the Board / CEO (Angstrom Medica)

Activity

Recent News
0