Spinal disc replacement maker Axiomed raises $1m

Spinal device developer Axiomed has raised $1 million in a new round of equity financing, according to an SEC filing posted this week.

The Malden, Mass.-based company produces the Freedom cervical disc and Freedom lumbar disc.

The Freedom cervical and lumbar discs are designed to be one-piece total disc replacement devices which enable neck pain relief and restore normal spinal function for patients with degenerative disc disorder.

Money in the round came from 3 anonymous investors, according to an SEC filing.

Axiomed is looking to raise an additional $4 million before closing the round, and has not yet stated how it plans to use funds raised.

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