We represented Axial Healthcare, Inc., a leading pain care solutions company, in its Series B round of financing led by Oak HC/FT, a venture growth-equity fund investing in healthcare services. The company initially secured $16.5 million, which will be used to further drive expansion of Axial’s suite of pain management capabilities, including a cloud-based,provider decision-support platform for pain treatment. The company has an option to raise an additional $1.25 million for aggregate proceeds of $17.75 million. Previous investors .406 Ventures, BlueCross BlueShield Venture Partners, Highmark Ventures, BlueCross BlueShield of Tennessee and Sandbox Advantage Fund, also participated in this round of financing.
Axial Healthcare Secures Series B Funding
You Also May Be Interested In:
ALS Education’s Charter School Management Business Sold to Satori Capital, Epic Partners Backed Company
Representation of Parthenon Capital, a growth-oriented private equity firm, as healthcare regulatory counsel in its investment in RxSense, a high-growth healthcare technology company that utilizes its proprietary technology platform to provide innovative prescription savings solutions to consumers and pharmacy benefits administration and analytics to enterprise customers
Representation of LFM Capital’s portfolio company, J&E Precision Tool, in its acquisition of Beranek, LLC, a precision manufacturer of technical components for the aerospace & defense, and space exploration markets