Tech Company Financing Transactions

Inovedis Funding Round

Inovedis closed a $4 million Series A funding round on 10/5/2023. Investors included High-Tech Gründerfonds, MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg and Start-UP BW Innovation Fonds.

Transaction Overview

Company Name
Announced On
10/5/2023
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Series A
Proceeds Purpose
The company intends to use the funds for the commercial launch of the SINEFIX® implant system in the United States and for sponsoring a clinical study taking place in Germany to generate data needed in support of CE marking and expansion of sales into Europe.

Company Information

Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
An der Technologiewerkstatt, 1, Albstadt,
Baden-Württemberg, 72461
DE
Email Address
Overview
Inovedis stands for innovation in medical technology. As insiders, we know the issues that affect doctors and patients in everyday clinical practice. Our new innovation, SINEFIX�, came about because we wanted to improve the prevailing surgical method for refixation of the rotator cuff. And we have succeeded in doing that: For the first time, our PEEK implant creates a planar and stable connection between tendon and bone - and we assume that SINEFIX� enables optimal healing. This saves time and money, for the doctors as well as their patients. In this way, we also position our products as an asset for the healthcare sector, which has to counter increasing cost pressure.
Profile
Inovedis LinkedIn Company Profile
Social Media
Inovedis Company Twitter Account
Company News
Inovedis News
Facebook
Inovedis on Facebook
YouTube
Inovedis on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Stefan Welte
  Stefan Welte LinkedIn Profile  Stefan Welte Twitter Account  Stefan Welte News  Stefan Welte on Facebook


 

 

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We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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