Medical device company Soteira Inc. in Natick has filed with the U.S. Securities and Exchange Commission for its fifth round of debt financing in two years, this time for $375,000.
The most recent round comes from 40 investors, according to the filing. Named as directors in the fling are John Corcoran, president of Trinity Partners, LLC and co-founder of Soteira; Al Wiegman, partner of HLM Venture Partners; and Joseph Ciffolillo, partner of Spray Venture Partners. The round brings the total debt financing the company has taken in since July 2010 to more than $4 million.
In May 2009, Soteira Inc. raised $6.6 million of a $12 million Series C equity financing round, and the previous year, it closed on a $12 million Series B round of financing.
The company was incorporated in 2004 to develop and market technologies to treat vertebral compression fractures. According to its website, it has launched multiple products to advance patient care in the field of osteoporotic bone repair, and in 2008, it established a subsidiary company, Soteira GmbH, which currently manages distribution in Germany, Spain, Italy, Belgium, and Austria.
Soteira Inc. is led by CEO Larry Jasinski.
In 2010, the company renewed their lease for 10,000 square feet of office and lab space at 14 Tech Circle in Natick.
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