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ONWARD Medical successfully raised €20 million in a capital increase to develop and commercialize breakthrough therapies for spinal cord injury.

PRIVATEMar 22, 2024

Amount Raised

€20 Million

Round Type

Funding Round

EindhovenBiotechnologyHealth Care

Investors

EQT Life SciencesInkef Capital

Description

ONWARD Medical announced a successful capital raise of €20 million through an accelerated bookbuild offering with institutional investors and a separate public offering via the PrimaryBid platform in France. The company expressed gratitude to new and existing shareholders for their support and stated that the funds will be used to develop and commercialize breakthrough therapies for people with spinal cord injury.

Quick answer

ONWARD Medical raised €20 Million in a Funding Round round, dated March 22, 2024. Investors: EQT Life Sciences and Inkef Capital. ONWARD Medical is based in Eindhoven, North Brabant, Netherlands.

How much did ONWARD Medical raise?
ONWARD Medical raised €20 Million in a Funding Round round on March 22, 2024.
Who invested in ONWARD Medical?
EQT Life Sciences and Inkef Capital are named as investors in this round.
What does ONWARD Medical do?
ONWARD Medical is a medical technology company creating innovative therapies to restore movement, function, and independence in people with spinal cord injuries.
Where is ONWARD Medical based and how big is it?
ONWARD Medical is based in Eindhoven, North Brabant, Netherlands. Fundz records about 197 employees.
Who are the decision-makers at ONWARD Medical?
Fundz holds 3 contacts at ONWARD Medical. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology and Health Care around the same time

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

  • Cerenome, Inc. raised $18M (Post-IPO Equity) on May 6, 2024.
  • Context Therapeutics raised $100M on May 6, 2024.
  • Nectin Therapeutics raised $10M (Private Equity) on May 6, 2024.
  • Zenas BioPharma raised $200M on May 3, 2024.
  • API Holdings raised $216M (Private Equity) on May 3, 2024.
  • BridgeBio raised $200M (Pre-Seed) on May 3, 2024.

Who to call at ONWARD Medical, and when

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

  • An alert the day ONWARD Medical raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at ONWARD Medical, from your own LinkedIn network

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Company Information

Company

ONWARD Medical

Location

Eindhoven, North Brabant, Netherlands

About

ONWARD Medical is a medical technology company creating innovative therapies to restore movement, function, and independence in people with spinal cord injuries. ONWARD Medical’s work builds on more than a decade of basic science and preclinical research conducted at the world’s leading neuroscience laboratories. ARC Therapy, which can be delivered by implantable (ARC-IM) or external (ARC-EX) systems, is designed to deliver targeted, programmed spinal cord stimulation to restore movement and other functions in people with spinal cord injury, ultimately improving their quality of life.

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Fundz sees it the moment ONWARD Medical raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
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ONWARD Medical 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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.