Investment Summary

River Cities Capital Funds Invests In SPR Therapeutics

On October 18, 2021, venture capital firm River Cities Capital Funds invested in medical products company SPR Therapeutics

Investment Highlights
  • This is River Cities Capital Funds’ 7th transaction in the Medical Products sector.
  • This is River Cities Capital Funds’ 17th transaction in the United States.
  • This is River Cities Capital Funds’ 3rd transaction in Ohio.

Investment Summary
Date 2021-10-18
Target SPR Therapeutics
Sector Medical Products
Investor(s) River Cities Capital Funds
Deal Type Venture
Advisor(s) Leerink Partners (Financial)

Target

SPR Therapeutics

Cleveland, Ohio, United States
SPR Therapeutics is a medical device company, providing patients with a non-opioid, minimally invasive pain treatment option. Our SPRINT® PNS System fulfills a critical unmet need for a drug-free, surgery-free option for millions who suffer from chronic pain. Backed by the largest body of clinical evidence, SPR has demonstrated commercial demand in untapped peripheral (shoulder and knee) and back pain markets and built an incredibly strong foundation for commercial growth. SPR Therapeutics is based in Cleveland, Ohio.

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Investor(S) 1

Investor

River Cities Capital Funds

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1994
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

River Cities Capital Funds is a growth equity investment firm focused on healthcare services and information technology companies. River Cities seeks to invest $5 to $15 million in companies with at least $5 million in revenue. The Firm generally targets companies that pursue large, established markets with disruptive, “better, faster, cheaper” solutions. River Cities Capital Funds was established in 1994 and is headquartered in Cincinnati, Ohio.

DEAL STATS #
Overall 17 of 20
Sector (Medical Products) 7 of 7
Type (Venture) 13 of 13
State (Ohio) 3 of 3
Country (United States) 17 of 20
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Standard Bariatrics

Cincinnati, Ohio, United States

Standard Bariatrics is a surgical procedure company focused on the innovative development and commercialization of medical devices. Driven by a passionate group of surgical innovators, the company continues to release surgical solutions designed to address significant market opportunities. Standard Bariatrics was founded in 2014 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-04 FlexCare Infusion Centers

Oklahoma, Oklahoma, United States

FlexCare Infusion Centers provides specialty infusion and injections to adult and pediatric patients with rare, chronic, and complex conditions. FlexCare Infusion Centers expertise includes neurology, immunology, GI, and rheumatology. FlexCare Infusion Centers is based in Oklahoma City.

Buy -
Mergr

Product

Company

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