Cartilix
Company

Last deal

$6.35M

Amount

Series B

Stage

01.03.2006

Date

2

all rounds

$7.88M

Total amount

date founded

Financing round

General

About Company
Cartilix develops and sells biomaterials for repairing damaged tissues, with a focus on regenerative medicine and cartilage filling.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2004

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

Founded in 2004 and headquartered in Foster City, California, Cartilix is a company that specializes in the development and commercialization of biomaterials used to repair damaged tissues, particularly in articular joints. Their main focus is on regenerative medicine, specifically in the area of cartilage filling.
Contacts
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M&A Details
1

Transaction name

Acquired by

BioMet

announced date

09.11.2009

Financials

Funding Rounds
2
2

Number of Funding Rounds

$7.88M

Money Raised

Their latest funding was raised on 01.03.2006. Their latest investor DeNovo Ventures. Their latest round Series B

Date 
Funding Round 
Investors 
Money Raised 
Lead 
01.03.2006
1
$6.35M
05.01.2005
$1.53M
DeNovo Ventures

DeNovo Ventures

DeNovo Ventures invests in medical devices and biotech companies for high returns and clinical impact.

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Medical Equipment and Services

Subsector

Medical Equipment

Location

Saratoga, CA, USA

count Of Investments

74

count Of Exists

18
Co-Investors
Investors
1
1

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1

Number of investors

Investor 
Lead 
Round 
Partners 
DeNovo Ventures

DeNovo Ventures

DeNovo Ventures invests in medical devices and biotech companies for high returns and clinical impact.

Sector

Medical Equipment and Services

Subsector

Medical Equipment

Location

Saratoga, CA, USA

count Of Investments

74

count Of Exists

18
Frederick Dotzler

Frederick Dotzler

Fred co-founded De Novo in 2000. Prior to De Novo, he was a Managing General Partner of Medicus Venture Partners (“Medicus”), which he founded in 1989. Medicus was an early stage investor in companies such as Anergen, Applied Molecular Evolution, Biosite Diagnostics, Inhale Therapeutic Systems (now Nektar), Omnicell and Tularik. Prior to Medicus, he was a General Partner with Crosspoint Venture Partners for 5 years, where he invested in life sciences companies. Prior to joining Crosspoint, Fred served in executive positions in finance, marketing, sales, manufacturing and business development for companies selling pharmaceuticals (Searle), medical instruments (Merrimack), biotechnology research tools (Millipore), and computers (IBM). Fred earned an MBA from the University of Chicago, a Masters equivalent in Economics from the University of Louvain, Belgium and a BS in Engineering from Iowa State University, where he received a Professional Achievement Citation in Engineering in 2000. He is a member of the Advisory Board of the Journal of Private Equity. Fred sits on the boards of Bayhill Therapeutics, Cartilix, HemaQuest, Talima, SenoRx (NASDAQ: SENO) and Vitreo Retinal Technologies. Fred also represented De Novo on investments in Microvention, Oncomed and Renovis.

current job

DeNovo Ventures
DeNovo Ventures

People

Founders
2
Frank Huerta
Frank Huerta

Frank Huerta

Mr. Huerta is responsible for the vision and strategic direction of TransLattice. He started his career in engineering and product development at Hughes Aircraft Company, Santa Barbara Research Center. He then served in product management roles at Seagate Software as well as VeriFone, Inc. Mr. Huerta was the director of business development for Exodus Communications where he focused on mergers and acquisitions. He was a co-founder and the CEO of Recourse Technologies, where he raised nearly $40M from leading venture capitalists and corporations. Recourse was purchased by Symantec Corporation for $135M in cash, and Mr. Huerta then served as a vice president at Symantec for over a year. He serves on the board of the Arthritis Foundation of Northern California and Cate School Board of Trustees. Mr. Huerta has an MBA from the Stanford Graduate School of Business and an undergraduate degree in physics from Harvard University, graduating cum laude.

current job

TransLattice
TransLattice

organization founded

3

Frank Huerta

Jennifer H. Elisseeff
Jennifer H. Elisseeff

Jennifer H. Elisseeff

Jennifer H. Elisseeff is the Jules Stein Professor at Wilmer Eye Institute. Jennifer Elisseeff attended Massachusetts Institute of Technology.

current job

Wilmer Eye Institute

organization founded

2

Jennifer H. Elisseeff

Employee Profiles
2
Frank Huerta

Frank Huerta

CEO and Co-founder

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