Pittsburgh-based iNetworks LLC on Wednesday said it has invested $1 million into an Austin, Texas-based medical technology company, leading its financing round.
Wenzel Spine Inc. provides minimally invasive surgical solutions for the treatment of spinal disorders, simplifying procedures and reducing recovery time.
“We are excited to be an investor and a strong partner to the Wenzel Spine team,” Anthony Lacenere, iNetworks senior managing director, said in a prepared statement. “I believe the company is on the forefront of unique market offering that makes the lumbar fusion procedure simpler and minimally invasive.”
He will serve on Wenzel Spine’s board.
About iNetworks LLC
iNetworks, LLC is a venture capital firm specializing in expansion, late stage, and growth capital investments. The firm focuses on healthcare, biomedical, life sciences, productivity information technology, and innovative green-tech management teams whose focus is on clean water, clean fuel, energy efficiency, and clean transportation. It also invests in medical technologies with a focus on cardiovascular, orthopedics, diabetes, and oncology. The firm seeks to investment between $0.25 million and $5 million in the portfolio companies. It prefers to be a lead investor and may invest with one or more investors or its owners. iNetworks, LLC was founded in late 1999 and is based in Pittsburgh. http://www.inetworkspe.com
About Wenzel Spine
Wenzel Spine, Inc. is a medical technology company focused on providing minimally invasive solutions for the treatment of spinal disorders. Headquartered in Austin, TX, Wenzel Spine is focused on delivering surgical solutions that improve the overall quality of spine care by simplifying procedures and reducing recovery time. Wenzel Spine seeks to improve patient quality of life by designing and producing devices of the highest quality to support our surgeon clients in the care and treatment of their patients. https://www.wenzelspine.com