October 31, 2022

THINKSurgicalFundRaise400x275THINK Surgical, which develops orthopedic surgical robots, has announced that KDB Investment Global Healthcare of Korea, a new investor, has invested $100 million to enable a faster commercial launch of several new products.

The company said the new investment will allow it to bring new products to market, offering a common planning solution across multiple robotic platforms along with a choice of implants from different manufacturers. It will also allow the company to “achieve its full potential as a leader in the orthopedic surgical robot space with a differentiated business model.”

THINK said its plan to advance robotic systems for joint replacement surgery feature an open implant library, offering customers an alternative to closed systems that are limited to a single manufacturer’s implants. Being able to use implants from multiple implant manufacturers in combination with THINK’s robotic technology allows surgeons to access the benefits of robotic-assisted surgery and choose the implant that is best for each individual patient, the company said.

"We are extremely excited to strengthen our financial position to support successful new product commercialization through this financing round," said Stuart Simpson, president and CEO of THINK Surgical. "KDB Investment is a highly sophisticated and respected professional investment firm, and their investment will help us expand our brand and presence in the industry. We greatly appreciate their confidence in THINK Surgical as an investment opportunity."

"We are very impressed with the technology portfolio that THINK Surgical has developed and is planning to commercialize,” said DH Lee, CEO of KDB Investment. “THINK is well positioned to successfully launch their robotic technology with a differentiated business model that provides their customers with better value propositions, and KDB Investment has great confidence in the leadership of THINK, primarily in CEO Stuart Simpson, given Stuart's deep experience in the orthopedic surgical robot business."

KDB Investment is a private equity firm that is wholly owned by Korea Development Bank, which focuses on promoting and advancing the interests of companies by providing financial and operational support. The company said it believes that THINK Surgical's differentiated business model will be embraced in the global market by customers looking for more flexibility and choice over current offerings.

For more details on THINK Surgical and its technology, visit its website here.