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Raising nearly $21.6 million gives Shoulder Innovations Inc. the capital needed to scale up operations and bring new products to market.

The Holland-based company ā€” which developed a new generation orthopedic shoulder implant ā€” raised the Series C capital round from 24 investors. They include mostly existing shareholders as well as two California-based venture firms U.S. Venture Partners and Lightstone Ventures, which co-led the round and invested in Shoulder Innovations for the first time.