Ohio firms lead $15M investment in Naples medical tech company

Naples medical technology and device firm Catalyst OrthoScience has raised $15 million in equity and debt financing. The latest round of capital, from a combination of banks, physicians and a venture capital firm, comes a year after the firm raised $20 million in a separate effort.

Catalyst officials say the firm is “redefining shoulder arthroplasty through simplified, surgeon-focused innovation. The company, in a statement, says the “latest round of funding strengthens Catalyst’s balance sheet and positions the company to advance its high-growth commercial and clinical programs.”

The latest capital raise was led by RC Capital, a Cincinnati health care growth equity firm, with participation from Cleveland-based Mutual Capital Partners, Dr. Derace Schaffer and Western Alliance Bank out of Phoenix. RC Capital and Mutual Capital Partners supported the capital raise in 2024 as well.