Titan Medical closes $23m round

Titan Medical (TSX:TMD) said today that it closed a funding round that brought in nearly $4 million more than it was originally expecting, grossing more than $18 million for the Sport robot-assisted surgery device it’s developing.

Last month the Toronto-based company upsizedthe previously announced offering to between $14.1 million and $18 million ((C$18 million to C$23 million), up from between $10.2 million and $11.7 million (C$13 million to C$15 million). Today the company said the round came in at the high end of the range, grossing C$23 million, or nearly $18.2 million.

Get the full story at our sister site, The Robot Report.

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