Checkpoint Surgical Inc., a privately held company in Independence that produces nerve-stimulation medical devices, said it has raised $16 million in a round led by River Cities Capital, a Cincinnati-based growth equity firm focused on the health care sector.
Also participating in the round were existing backers that included Cleveland-based venture funds Mutual Capital Partners and JumpStart NEXT Fund; First Analysis, a growth equity firm based in Chicago; and several other investors, Checkpoint said in a news release issued Tuesday morning, Aug. 24.
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Story excerpt provided by Crain’s Cleveland Business.
Written by Scott Suttell.
Originally published August 24, 2021.