MB Ventures in Spinal Restoration B round

In Memphis, Managing Partner Gary Stevenson confirmed MB Venture Partners recently participated in a $16MM Series B round for its portfolio company Spinal Restoration. The early-stage company recently announced progress toward clinical testing for its nonsurgical treatment of symptoms associated with low-back pain. MB Ventures is founder and co-host with Memphis Bioworks of the Musculoskeletal New Ventures Conference each year, with the next outing scheduled for October. Austin Ventures, Path4 Ventures and Sante Health Ventures also invested in the B.