More than 140 entrepreneurs, investors and buyers of internet businesses attended a breakfast seminar on 12 March 2008 in central London hosted by FirstCapital, the technology investment bank. The seminar evaluated recent trends in internet M&A and the outlook.
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FirstCapital, the technology investment bank, announces that Ranier Technology, a Cambridge UK based spinal implant development company, has secured an £8 million ($16 million) investment from new and existing investors to further develop and commercialise its motion preserving spinal implant products. The investment was made by Alliance Trust Equity Partners (ATEP) and First Ventures to fund the clinical testing and European launch of CAdisc L, the lumbar version of Ranier’s compliant replacement spinal disc. In addition, the funding will enable the company to further develop and test CAdisc C – the cervical spine version of Ranier’s total disc replacement.
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