Implant Co. NLT Spine Raises $5.7 Million

Minimally invasive surgery spinal implant developer NLT Spine has raised $5.7 million from existing investors Accelmed and Peregrine Ventures. This brings the total funds raised by the company to $14.5 million. The Kfar Saba based company reported that the investment from Moshe (Mori) Arkin and Dr. Uri Geiger's Accelmed and Peregrine will be used for the development of its PROW LIF lumbar fusion product line and other products, and to expand its presence in the US market. NLT Spine was founded by Dr. Tzony Siegal.