Shanghai Sanyou Medical, an orthopedic medical device maker, raised $14 million from Yingke Private Equity in a B round. The company has developed minimally invasive spine implants and trauma devices, which it sells across China. Following a 2010 restructuring, Sanyou established the Tytus Lab with an international team for R&D. The company will use the capital for R&D and an eventual IPO on a China stock market.
