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Hand surgery toolmaker Del Palma Orthopedics raises $1.4 million

Del Palma Orthopedics has raised $1.4 million in equity to develop devices and tools for hand surgeons, according to a regulatory filing.

The company sells a procedure kit for surgeries for patients suffering from trigger finger, a painful condition in which a finger catches and sometimes locks in a bent position. The kit includes Del Palma’s Advansor TF surgical device, needles, a scalpel, sponges and other surgery-related products.

Del Palma’s fundraise was sourced from four investors, with the first sale coming on June 14. The company was incorporated in 2008. It’s aiming to raise $2 million, according to the filing with the Securities and Exchange Commission.

The company is one of four startup tenants in a newly opened incubator in Columbia City, Ind. called the OrthoVation Center. The incubator was started by MicroPulse Inc., an orthopedic implants and surgical instruments maker that’s based in the city. MicroPulse “will get first shot” at manufacturing products for the incubation center’s tenants, the Fort Wayne Journal-Gazette reported.

Columbia City is near Warsaw, an Indiana city that bills itself as the “orthopedics capital of the world.” The small city and surrounding area is home to a cluster of orthopedic device companies such as Zimmer Holdings Inc., DePuy Orthopaedics Inc., SymmetryMedicaland Biomet Orthopedics Inc.

Del Palma CEO Rod Mayer didn’t return a call.



Disclosure: No positions.