# Inovedis

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inovedis

- Industry: Medical Devices & Equipment
- Headquarters: Albstadt, Germany
- Website: www.inovedis.de
- Total disclosed funding: $6.2M
- Latest round: Series A (Sep 25, 2023)
- Investors on record: 6

## About

Based in Albstadt, Germany, and founded in 2019 by co-founders Dr. Stefan Welte and Lukas Flöß, Inovedis GmbH started its operations and began to develop the implant in 2019. Inovedis is a medical technology company developing a surgical technique for shoulder injuries based on a PEEK implant. In October 2023, Inovedis GmbH raised EUR 3.78 million in series A funding from Renolit SE and Volksbank Albstadt ChancenKapital GmbH, with participation from Berliner Volksbank Ventures, High-Tech Gründerfonds, and MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein. 

Inovedis developed the SINEFIX implant system a new surgical technique for shoulder injuries that allows refixation of the tendon with a simplified surgical technique and is optimized for minimally invasive surgery.

The company plans to use the October 2023 series A funding to support the launch of SINEFIX® implant system in the United States.

## Funding rounds

- Series A, Sep 25, 2023, $4M — High-Tech Gruenderfonds, MBG Baden-Wuerttemberg, Renolit SE, Volksbank Albstadt ChancenKapital GmbH
- Seed, Jun 1, 2021, $2.2M — High-Tech Gruenderfonds, MBG Schleswig-Holstein, VR Ventures

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed, Series A
- MBG Schleswig-Holstein (https://capitalatlas.ai/funds/mbg-schleswig-holstein) — Seed
- VR Ventures (https://capitalatlas.ai/funds/vr-ventures) — Seed
- MBG Baden-Wuerttemberg (https://capitalatlas.ai/funds/mbg-baden-wuerttemberg) — Series A
- Renolit SE — Series A
- Volksbank Albstadt ChancenKapital GmbH — Series A