PainTEQ Funding Round

7/10/2023

Venture Equity

$35,000,000

Undisclosed

The net proceeds from this IP-backed debt financing will be used to expand the commercialization of LinQ�, PainTEQ's implantable SI joint stabilization system, as well as support research and development efforts aimed at advancing care for patients with SI joint pain and dysfunction.

Private & Independent

Medical Devices & Instruments

1511 N. Westshore Blvd. 470
Tampa, FL 33607
USA

The sacroiliac joint or SI joint (SIJ) is the place where the sacrum and the ilium meet. It is located just below the beltline, on both the left and right side where the hip meets the tailbone. This joint has a large nerve that extends through the joint and buttocks. When instable this joint can cause low back and leg pain. The primary role of the SI joint is to provide stability and act as a shock absorber for the spine and pelvis. It bears the load of the upper body when you stand, sit, walk or jump before the forces reach your legs. It is an essential component for energy transfer from the legs and the torso.