SpineGuard announced that it has secured a total €7.7 million debt financing through an Innovation Loan of €1.5 million with Bpifrance and the issuance of four tranches of bonds totaling €6.2 million with IPF Partners. The first tranche of €3 million was drawn on December 28, 2015. The agreement between SpineGuard and Bpifrance enables the company's innovation financing, focused specifically on PediGuard Threaded and the DSG Smart Screw, through the InnovFin – EU Finance for Innovators program supported by the European Union.

The agreement between SpineGuard and IPF Partners provides a very flexible financing solution for the company's development and operating cycle with limited dilution to shareholders.