Fundz

Inovedis Announces Close Of Series A Funding Round

PRIVATEOct 05, 2023

Round Type

Series A

AlbstadtBiotechnologyHealth CareMedicalMedical Device

Investors

Renolit SEStart Up Bw Innovation FondsVolksbank Albstadt Chancen KapitalMbg Mittelständische Beteiligungsgesellschaft Baden WürttembergHigh Tech Gründerfonds

Description

Inovedis GmbH, a medical technology start-up dedicated to offering innovative solutions that contribute both to optimized patient care as well as minimizing the complexity of surgical interventions, announced the successful close of a Series A funding round totaling $4 million. This funding was supported by participation from all of Inovedis's initial seed round investors including High-Tech Gründerfonds, MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg, Volksbank Albstadt ChancenKapital, Start-UP BW Innovation Fonds, angel investors, and an initial investment by Renolit SE, the current manufacturer of the SINEFIX implant.

Quick answer

Inovedis raised an undisclosed amount in a Series A round, dated October 5, 2023. Investors: Renolit SE, Start Up Bw Innovation Fonds, Volksbank Albstadt Chancen Kapital, Mbg Mittelständische Beteiligungsgesellschaft Baden Württemberg and High Tech Gründerfonds. Inovedis is based in Albstadt, Baden-Württemberg, Germany.

How much did Inovedis raise?
Inovedis raised an undisclosed amount in a Series A round on October 5, 2023.
Who invested in Inovedis?
Renolit SE, Start Up Bw Innovation Fonds, Volksbank Albstadt Chancen Kapital, Mbg Mittelständische Beteiligungsgesellschaft Baden Württemberg and High Tech Gründerfonds are named as investors in this round.
What does Inovedis do?
Inovedis stands for innovation in medical technology.
Where is Inovedis based and how big is it?
Inovedis is based in Albstadt, Baden-Württemberg, Germany.
Who are the decision-makers at Inovedis?
Fundz holds 1 contact at Inovedis. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical and Medical Device around the same time

Companies in the same sectors as Inovedis that raised within 45 days of this round, from Fundz verified event records.

  • Femasys raised an undisclosed amount (Corporate Round) on November 15, 2023.
  • Femasys raised $6.8M on November 14, 2023.
  • NeurAxis raised $3M (Seed) on November 14, 2023.
  • SURGLASSES raised $6.5M (Funding Round) on November 9, 2023.
  • Planatome raised $6M on October 25, 2023.
  • VitaTek raised an undisclosed amount (Series A) on October 22, 2023.

Who to call at Inovedis, and when

A new round usually means Inovedis is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
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Company Information

Company

Inovedis

Location

Albstadt, Baden-Württemberg, Germany

About

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.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Inovedis raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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