Open Bionics
Latest round
- Series A
Last raised
- Jan 2019
Total raised
- $5.9M
Investors
- 7
About Open Bionics
Open Bionics Ltd, founded in 2014 in Bristol, UK, specializes in crafting advanced prosthetics.Open Bionics specializes in advanced prosthetic solutions designed to enhance the lives of individuals with upper limb differences. Their flagship products include the Hero Arm and the Hero Flex, both of which are 3D-printed, lightweight, and equipped with wireless EMG (electromyography) electrodes. The Hero Arm is tailored for above-elbow amputees, enabling a wide range of activities from daily tasks to sports, while the Hero Flex offers flexibility in design with customizable fit options for below-elbow amputees. Targeted at children and adults alike, these products provide users with improved comfort, control, and aesthetic appeal, addressing issues such as perspiration and temperature regulation that are common in traditional prosthetics.Open Bionics generates revenue through direct-to-consumer sales and clinical partnerships. Their business model allows for straightforward transactions, where customers can book free introductory clinical appointments to assess their needs before committing to a purchase. The company offers a three-year warranty on their products, which reinforces customer confidence and satisfaction. Transactions often involve the purchase of their signature products, such as the Hero Arm and Hero Flex, which are tailored to individual user specifications. Financial arrangements typically include payment at the point of sale, with the potential for insurance reimbursements based on user eligibility and coverage. The company aims to leverage this investment for future product launches and to enhance their presence in regions like Europe and North America, with plans to target additional markets by 2022.
Who invested in Open Bionics
7 investors across 2 rounds
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Questions about Open Bionics
Who invested in Open Bionics?
Open Bionics has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Open Bionics raised?
Open Bionics has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Open Bionics last raise money?
Open Bionics's most recent round on record is a Series A, in Jan 2019.
What does Open Bionics do?
Open Bionics Ltd, founded in 2014 in Bristol, UK, specializes in crafting advanced prosthetics.
Where is Open Bionics headquartered?
Open Bionics is headquartered in Bristol, UK.
Which VCs invest in companies like Open Bionics?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back medical devices & equipment companies at Open Bionics's stage. Their profiles are linked below.
VCs backing medical devices & equipment startups at Series A
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