Spinal Restoration closes $20M financing round

Medical research firm Spinal Restoration Inc. has completed a $20 million round of financing.

Austin-based Spinal Restoration received the funding from four investors, according to a filing today with the U.S. Securities and Exchange Commission.

The company, founded in 2004, develops therapies designed to address unmet needs in spine health management. In December 2009, Spinal Restoration revealed that it was beginning the third testing phase for its chronic lower back pain treatment, the Biostat System.

In 2007, Spinal Restoration closed on $16 million Series B round of funding.