Article via Waterloo Region Record – WATERLOO — After its technology was adopted by hip replacement surgeons in New York City and Chicago, a Waterloo startup plans to use its first round of private investment to increase sales in the all important American market.
Intellijoint Surgical raised $11 million from several private investors in the Toronto-Waterloo Region Corridor who the company says do not want to be identified.
“One of the important things to note here is we have been able to raise all of the funds in Canada,” said Armen Bakirtzian, the startup’s co-founder and chief executive officer.
“I think it shows the tremendous support we have in our ecosystem, and in the Toronto-Waterloo corridor,” he said. “I think they are putting their money into our company because they see great potential.”