About Inovedis
Inovedis is a company based in Eden Prairie (United States) founded in 2019 by Stefan Welte.. Inovedis has raised $4 million across 1 funding round from investors including RENOLIT, High-Tech Gründerfonds and MBG. Inovedis offers products and services including SINEFIX Implant System. Inovedis operates in a competitive market with competitors including Miach Orthopaedics, RevBio, Dimension Inx, PolyNovo and Nanochon, among others.
- Headquarter Eden Prairie, United States
- Founders Stefan Welte
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Inovedis Gmbh
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$403.09 K (USD)19.31as on Mar 31, 2022
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Net Profit
$26.11 K (USD)-14.87as on Mar 31, 2022
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EBITDA
$31.2 K (USD)28.43as on Mar 31, 2022
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Series A
Oct 04, 2023
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Investors
RENOLIT
& 3 more
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Employee Count
Employee Count
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Products & Services of Inovedis
Inovedis offers a comprehensive portfolio of products and services, including SINEFIX Implant System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Device simplifies rotator cuff repair by improving fixation and reducing complications.
Funding Insights of Inovedis
Inovedis has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Series A round of $4 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $4.0M
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First Round
First Round
(04 Oct 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - Inovedis | Valuation | HTGF |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Inovedis
Inovedis has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include RENOLIT, High-Tech Gründerfonds and MBG. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments are made in high-tech startups by HTGF.
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Founded Year | Domain | Location | |
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Venture capital firm focused on small and mid-sized companies
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Founded Year | Domain | Location | |
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Start-up BW is supported as an initiative for entrepreneurship in Baden-Württemberg.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Inovedis
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Inovedis
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Inovedis Comparisons
Competitors of Inovedis
Inovedis operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Miach Orthopaedics, RevBio, Dimension Inx, PolyNovo and Nanochon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Bio-engineered surgical implants for connective tissue repair are developed.
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| domain | founded_year | HQ Location |
Synthetic adhesives for bone and dental repair are developed.
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| domain | founded_year | HQ Location |
3D biomaterials are provided for regenerative medicine applications.
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| domain | founded_year | HQ Location |
Developer of biodegradable temporising matrix for treating traumatic wounds
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| domain | founded_year | HQ Location |
3D-printed implants are developed for treating joint injuries.
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| domain | founded_year | HQ Location |
Gel4Med is focused on developing bioinspired medical solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Inovedis
Frequently Asked Questions about Inovedis
When was Inovedis founded?
Inovedis was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Inovedis located?
Inovedis is headquartered in Eden Prairie, United States. It is registered at Eden Prairie, Minnesota, United States.
Who is the current CEO of Inovedis?
Stefan Welte is the current CEO of Inovedis. They have also founded this company.
Is Inovedis a funded company?
Inovedis is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Series A of $4M, raised on Oct 04, 2023.
What is the annual revenue of Inovedis?
Annual revenue of Inovedis is $403.09K as on Mar 31, 2022.
What does Inovedis do?
Inovedis was founded in 2019 and is headquartered in Eden Prairie, United States. Operations focus on the medical device sector, where surgical implants for tendon healing are developed. The SINEFIX Implant System is provided to support rotator cuff repair procedures. Patient outcomes are targeted for improvement through simplified surgical techniques. Leadership includes co-founders Stefan Welte and Lukas Floß.
Who are the top competitors of Inovedis?
Inovedis's top competitors include RevBio, Miach Orthopaedics and Nurami Medical.
What products or services does Inovedis offer?
Inovedis offers SINEFIX Implant System.
Who are Inovedis's investors?
Inovedis has 4 investors. Key investors include RENOLIT, High-Tech Gründerfonds, MBG, and Start-up BW.
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