The NFL Players Association and Silicon Valley Bank participated in a $40 million financing round for Miach Orthopedics, a medtech company that creates an implant allowing patients to help heal their anterior cruciate ligament tears.
The financing breaks down to a $30 million investment from existing investors and a $10 million venture debt sheet from Silicon Valley Bank. The financing will be used for the commercialization of the Bridge-Enhanced ACL Restoration implant, according to a Jan. 25 Miach Ortho news release shared with Becker's.
The BEAR implant has been used in more than 500 surgeries.