JustRight Surgical, LLC, now Bolder Surgical, announced today that it has secured $27 million in funding from River Cities Capital Funds with the participation of Westwood Management, Providence Ventures and previous investors. The company also announced a change of name to Bolder Surgical as part of a rebranding initiative to better align the company with its long-term vision of a robust product portfolio that extends beyond pediatric care.
Bolder Surgical, founded in 2010, provides surgeons with the right-sized surgical instruments to perform minimally invasive surgery safely and effectively in pediatric patients from neonate to adolescent. The company’s proprietary technologies fill a critical gap in minimally invasive surgery and are increasingly being used in adult patients.
New capital investments will focus on the development of Bolder Surgical’s product innovation pipeline, increased labor force and increased commercial effort.
“I am extremely pleased with the investment led by the River Cities Capital Funds, which will enable the company to continue to innovate and create safer procedures that will improve medical control and patient outcomes,” said Robert Kline, CEO of Bolder Surgical. “The support from our highly respected investors further validates the innovative technology of the company and the positive impact of our instruments on patients, surgeons and the healthcare system. “That’s right.
Carter McNabb, Managing Partner at River Cities Capital, and Lair Kennedy, Managing Partner at Westwood Management, will join the Board of Directors of the Company.
Bolder Surgical devices have become the standard of care in pediatric surgery. JustRightTM 3mm Vessel Sealer is the only sealing device on the market that has received FDA clearance for use in pediatric patients. The JustRightTM 5mm Mechanical Stapler, which is 50% smaller than any existing device, improves procedures, access and safety.
“Bolder Surgical has revolutionized minimally invasive surgery in children by providing right-sized instruments that improve access and visibility in the smallest patients,” adds Kline. “While our name has changed from JustRight, we remain committed to leveraging our technical expertise in micro-device technology and energy delivery to raise expectations for all surgical procedures. Bolder Surgical defines our vision and increases the chance for more patients to have an impact on their lives. “That’s right.
About Bolder Surgical (previously JustRight Surgical)
Bolder Surgical develops and markets laparoscopic surgical devices that improve and facilitate laparoscopic procedures in patients with limited access and reduced visibility. Bolder Surgical technologies have been developed by a proven team of medical device professionals working closely with world-renowned surgeons. Bolder Surgical is the first and only company to provide FDA clearance for a low-power electrosurgical device, the 3mm Vessel Sealer, used specifically for pediatric patients. The company has also developed the world’s first 5mm mechanical stapler with a pediatric indication. Bolder Surgical tools are currently in use in more than 150 children’s hospitals in the U. Oh, S And Europe is
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