Fundraising Fox

Avitus Orthopaedics

Farmington, US · Founded 2013 · Delaware corporation · 1 known investors

Zimmer Biomet's Avitus Bone & Marrow Harvester is a minimally invasive suction curettage device designed for orthopedic surgeons to harvest cancellous bone and bone marrow, and to debride infected or diseased bone through small incisions at accessible sites like the tibia and calcaneus. The sterile-packed, disposable system enables percutaneous autologous bone and marrow harvesting for surgical grafting procedures.

BiotechMedical Devices

Founders & leadership

MB
Maxim BudyanskyNamed on SEC filing
NS
Neil ShahNamed on SEC filing

Board

PO
Patrick O'NeillBoard director
PH
Paul HighamBoard director
TC
Terrence CoffeyBoard director

Investors · 1

Connecticut InnovationsNew Haven · $500K – $2M

Reported raises · per SEC filings

Form D private placements

$7.8M disclosed across 5 rounds · 2015–2021

▶$5MraisedSep 2021 · 2 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Neil ShahExecutive Officer, Director
  • Lance DeNardinDirector
  • Maxim BudyanskyDirector
  • Patrick O'NeilDirector
  • Trevor McCawDirector
  • Mark MitchellDirector
Offering amount
$5M
Amount sold
$5M
First sale
Aug 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$30KraisedSep 2020 · 1 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Maxim BudyanskyDirector
  • Neil ShahExecutive Officer, Director
  • Trevor McCawDirector
  • Patrick O'NeillDirector
  • Lance DeNardinDirector
Offering amount
$250K
Amount sold
$30K
Minimum investment
$25K
First sale
Sep 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.1MraisedJun 2020 · 27 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Patrick O'NeillDirector
  • Trevor McCawDirector
  • Maxim BudyanskyDirector
  • Neil ShahExecutive Officer, Director
  • Lance DeNardinDirector
Offering amount
$1.1M
Amount sold
$1.1M
First sale
Jun 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.3MraisedDec 2018 · 20 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Neil ShahExecutive Officer, Director
  • Trevor McCawDirector
  • Lance DeNardinDirector
  • Patrick O'NeillDirector
  • Maxim BudyanskyDirector
Offering amount
$1.3M
Amount sold
$1.3M
Minimum investment
$10K
First sale
Dec 2016
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$350KraisedDec 2015 · 7 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Patrick O'NeillDirector
  • Paul HighamDirector
  • Terrence CoffeyDirector
  • Maxim BudyanskyExecutive Officer, Director
  • Neil ShahExecutive Officer, Director
Offering amount
$950K
Amount sold
$350K
Minimum investment
$25K
First sale
Oct 2015
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Science FoundationPhase II2014$750K
National Science FoundationPhase I2013$150K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

Avitus Orthopaedics Receives 510(k) Clearance, Launches Avitus Bone Harvester | ORTHOWORLDorthoworld.com · Jun 2016Avitus Orthopaedics Raises $1 Million to Assist With Launch of Avitus Harvester | ODTodtmag.com · Nov 2014Avitus Orthopaedics raises $1M for company growth - Becker’s Spine Reviewbeckersspine.com · Nov 2014Avitus Orthopaedics Receives $350K Investment - FinSMEsfinsmes.com · May 2014

Frequently asked questions

What does Avitus Orthopaedics do?
Zimmer Biomet's Avitus Bone & Marrow Harvester is a minimally invasive suction curettage device designed for orthopedic surgeons to harvest cancellous bone and bone marrow, and to debride infected or diseased bone through small incisions at accessible sites like the tibia and calcaneus. The sterile-packed, disposable system enables percutaneous autologous bone and marrow harvesting for surgical grafting procedures.
Who are Avitus Orthopaedics's investors?
Avitus Orthopaedics's investors include Connecticut Innovations.
How much funding has Avitus Orthopaedics raised?
Avitus Orthopaedics has disclosed $7.8M raised across 5 rounds.
Where is Avitus Orthopaedics headquartered?
Avitus Orthopaedics is headquartered in Farmington, US.