Checkpoint Surgical of Cleveland closes $7.5 million institutional financing round

Story excerpt provided by Crain’s Cleveland Business.

Written by Scott Suttell.

Checkpoint Surgical, a Cleveland company that provides surgeons with technology to help protect and repair nerves intra-operatively, announced it has closed its first institutional financing round, for $7.5 million.

The round was led by First Analysis, a private growth-equity investor based in Chicago.

The money “will enable Checkpoint to continue growing in its core market of orthopedic and head and neck procedures, as well as expand into new procedure markets and develop new products,” the Cleveland company said in a news release.

Existing backers, the NDI Healthcare Fund and several individual investors, along with the JumpStart NEXT Fund, also participated in the round, Checkpoint said. Specific terms were not disclosed.

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Originally published December 17, 2015.

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