Monogram is a medical device company that develops joint reconstruction products. It has focused its efforts thus far on knee replacements, but sees possible applications for its technology in hip replacements as well in the future. The company is raising a maximum $30M Series B Preferred round at a $75 million pre-money valuation ($6.27 per share, excluding the effect of bonus shares). Investors who take advantage of all available bonus shares will invest at an effective $5.70 per share. Monogram intends to use these funds primarily to advance product development, fund its 501(k) pre-market submission of the total knee and robotic system, and fund employee costs. While Monogram expects to generate revenue in 2021 by acting as a wholesale distributor of generic implants from other manufacturers, its success as an investment will come from its ability to develop and commercialize its proprietary implant and robot.
Monogram is a medical technology company ushering in the future of joint reconstruction by developing a product solution architecture to enable mass personalization of orthopedic implants by linking 3D printing and robotics.
This Reg A+ offering is made available through StartEngine Primary, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view Monogram Orthopedics offering circular as well as the risks associated with this offering.
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