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Pivot Medical Closes Series C Venture Capital Round

Wednesday, November 9, 2011 5:51:00 AM PDT | VentureDeal Staff
   Sunnyvale, California  --  Medical device company Pivot Medical has raised $32 million in its third round of institutional venture capital investment.

Pivot has created a Hip Arthroscopy System that is designed to improve, safety, efficiency and ease of performing hip-related arthroscopic procedures.

Adams Street Partners led the round, which included Delphi Ventures, Montreux Equity Partners and Ivy Capital Partners.

The company said it would use the financing to support the rollout of its arthroscopy system in the United States and Europe.

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