Biomimedica raises $2.4 million for joint repairs

Biomimedica has raised $2.4 million in a first round for its joint-repair business.

VentureWire reported that Emergent Medical Ventures led the round. Other investors include Asset Management Co. and Life Science Angels.

Based in Santa Clara, Calif., Biomimedica was started earlier this year. The company is developing a synthetic cartilage called Cartigel for joint repair.