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Surgical Innovation Associates has raised $19.0M across 2 funding rounds.
Key people at Surgical Innovation Associates.
Surgical Innovation Associates has raised $19.0M in total across 2 funding rounds.
Surgical Innovation Associates develops DuraSorb, a resorbable synthetic matrix for plastic and reconstructive surgery. This product provides surgeons with advanced soft tissue support, functioning as a temporary, biocompatible scaffold that gradually integrates and resorbs. DuraSorb enhances healing and offers structural reinforcement for complex procedures, improving patient outcomes.
Founded in 2016, Surgical Innovation Associates emerged from the work of John Kim, a plastic surgeon and inventor from Northwestern University. Dr. Kim identified a clear clinical need for superior soft tissue support in reconstructive applications, advancing beyond traditional options. The company originated as a Northwestern spin-out, commercializing this innovative surgical technology.
Plastic and reconstructive surgeons are the primary users of Surgical Innovation Associates' product, particularly for breast reconstruction. DuraSorb offers a differentiated solution supporting positive patient outcomes by facilitating natural tissue integration and remodeling. The company's vision centers on advancing absorbable implant technologies to optimize healing and achieve durable results in challenging surgical contexts.
Surgical Innovation Associates (SIA) is a Chicago-based medical device company developing bioabsorbable scaffolds for general and plastic surgery.[2][4] Its flagship product, SurgiNet, is a polydioxanone mesh designed to improve patient outcomes and reduce systemic healthcare costs through surgeon-led innovations.[1][4] SIA targets surgeons and healthcare systems, addressing challenges in surgical support structures by providing temporary, absorbable scaffolds that eliminate long-term implant complications.[1][4]
The company is FDA-registered as a device establishment, indicating regulatory compliance for manufacturing and listing surgical devices.[2] While specific growth metrics are limited in available data, SIA's focus on "for surgeon, by surgeon" innovation positions it in the growing demand for minimally invasive, cost-effective surgical solutions.[1][5]
Surgical Innovation Associates operates from 445 W Erie St Suite 111, Chicago, IL, with FDA establishment registration under number 3015194982, suggesting establishment around the mid-2010s based on registration patterns for similar entities.[2] Founders and exact inception details are not detailed in public records, but the company's ethos emphasizes surgeon-driven development, likely emerging from clinical needs in general and plastic surgery where permanent meshes cause issues like chronic inflammation or revision surgeries.[1][4]
Early traction includes product development of SurgiNet, a bioabsorbable polydioxanone mesh, and listings on platforms like Wellfound for careers, indicating scaling efforts in talent acquisition.[1] A connection to Anvaya Ventures hints at investment or project support, potentially a pivotal funding moment aiding R&D.[3]
SIA rides the trend toward bioabsorbable implants in medtech, driven by rising minimally invasive surgeries and cost pressures on healthcare systems amid aging populations.[1][4] Timing aligns with post-pandemic emphasis on efficient, outcome-improving devices, as permanent implants face scrutiny for infection risks and revisions—market forces favoring absorbables projected to grow in the $5B+ surgical mesh sector.
By enabling "better outcomes and lower costs," SIA influences the ecosystem through surgeon adoption, potentially accelerating innovation in personalized surgical tools and reducing reliance on foreign implants.[1][5] Its Chicago base taps Midwest medtech hubs, contributing to U.S. manufacturing resurgence.
SIA is poised for expansion as bioabsorbable tech gains traction, with SurgiNet potentially capturing share in plastic and general surgery amid regulatory tailwinds.[4] Upcoming trends like AI-optimized implants and value-based care will shape its path, possibly via partnerships or acquisitions by majors like Integra LifeSciences.[3]
Influence may evolve through broader adoption, scaling from niche scaffolds to platform tech, reinforcing its "for surgeon, by surgeon" edge in a cost-conscious medtech landscape—ultimately delivering on its patient-outcome mission.[1]
Key people at Surgical Innovation Associates.
Surgical Innovation Associates has raised $19.0M in total across 2 funding rounds.
Surgical Innovation Associates's investors include Robert L. Parkinson Jr., Paul R. Hansen, Harvard Business School Angels.
Surgical Innovation Associates has raised $19.0M across 2 funding rounds. Most recently, it raised $15.0M Series B in December 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 16, 2021 | $15M Series B | Robert L. Parkinson JR. | — | Announced |
| Oct 2, 2019 | $4M Series A | — | Paul R. Hansen, Harvard Business School Angels | Announced |