About Inovedis
Inovedis is a Healthcare company based in Eden Prairie (United States) founded in 2019 by Stefan Welte. Developer of surgical implants for tendon healing. Inovedis has raised $4 million across 1 funding round from investors including RENOLIT, High-Tech Gründerfonds and MBG. Its chief executive, as recorded, is Stefan Welte. Its Indian entity Ironsource India Private Limited reported revenue of ₹21.75 Cr. Inovedis offers products and services including SINEFIX Implant System. Its focus areas include Life Sciences, Orthopedics, Medical Devices and Therapies. Its competitors include Miach Orthopaedics, RevBio and Dimension Inx; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Eden Prairie, United States
- Founders Stefan Welte
- SectorsHealthcare
- Website inovedis.com
- Social LinkedIn
- Legal Name Inovedis Gmbh
- Date of Incorporation 26 Apr, 2016
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹21.75 Cr
FY 2025 · +206% YoY
- Indian entity net profit₹3.79 Cr
FY 2025 · 17% margin
- Indian entity EBITDA₹5.88 Cr
FY 2025 · 27% margin
- Total Equity Funding$4M (USD)
in 1 rounds
- Latest Funding Round$4M (USD), Series A
Oct 2023
- InvestorsRENOLIT
& 3 more
Associated legal entities of Inovedis
Inovedis operates through Ironsource India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ironsource India Private Limited CIN U74300KA2016FTC092539 | Active | 26 Apr 2016 | Bangalore, Karnataka | ₹21.7 Cr | 21 | 4 | View details |
Products & Services of Inovedis
Inovedis offers a comprehensive portfolio of products and services, including SINEFIX Implant System.
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 $4M
- Total Rounds 1
- Last Round Series A — $4M
- First Round $4M
(Oct 2023)
- Investors Count 4
All 1 funding rounds of Inovedis with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | $4M | Series A | – | HTGF |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are made in high-tech startups by HTGF. | htgf.de | Bonn, Germany | ||
Venture capital firm focused on small and mid-sized companies | mbg.de | Stuttgart, Germany | ||
Start-up BW is supported as an initiative for entrepreneurship in Baden-Württemberg. | startupbw.de | Germany | ||
Plastic films and related products are manufactured globally by RENOLIT. | 1946 | renolit.com | Worms, Germany |
Investor details for Inovedis
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Board of directors of Ironsource India Private Limited (Inovedis)
Ironsource India Private Limited is the primary company behind Inovedis. The board of Ironsource India Private Limited currently have 4 directors; the longest-serving is Nora Sen Go, appointed in 2024. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nora Sen Go DIN 10531941 | Director | 04 Mar 2024 | 2 yrs 8 mo | Ironsource India Private Limited |
| Bhagavant Bedi DIN 08005696 | Director | 21 Nov 2024 | 1 yr 11 mo | Ironsource India Private Limited |
| Jasmine De Layton DIN 10792925 | Director | 08 Jul 2025 | 1 yr 4 mo | Ironsource India Private Limited |
| Shridhar Subbaraman Iyer DIN 07151577 | Director | 30 Oct 2025 | 1 yr | Ironsource India Private Limited |
People of Inovedis
2 people are tracked at Inovedis (2 in leadership).
| Name | Role | Group |
|---|---|---|
Stefan Welte | Co-Founder & Co-CEO | Leadership |
Lukas Floß | CEO | Leadership |
Complete people profiles for Inovedis
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Financials of Inovedis
Figures of Ironsource India Private Limited, the primary company behind Inovedis, for FY 2025. Revenue was ₹21.75 Cr (+206% year on year). Net profit was ₹3.79 Cr (17% margin). EBITDA was ₹5.88 Cr (27% margin). Revenue has grown at a compounded annual rate of +87% over three years and +59% over five years.
- ₹21.75 CrRevenue · FY 2025 · +206% YoY
- ₹3.79 CrNet profit · 17% margin
- ₹5.88 CrEBITDA · 27% margin
- ₹1 LakhPaid-up capital
- 21Employees (provident fund records)
- +87%Revenue CAGR, 3 years
- +59%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ironsource India Private Limited are on its company page.
Detailed financial statements for Inovedis
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Inovedis
2 dated milestones of Inovedis across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Inovedis is founded.
- Funding First funding round of $4.0M.
Competitors of Inovedis
Inovedis has 3 listed competitors in our database, 3 of them funded. They include Miach Orthopaedics, RevBio and Dimension Inx.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| miachortho.com | 2016 | Boston, United States | $72.5M | Bio-engineered surgical implants for connective tissue repair are developed. | ||
| revbio.com | 2014 | Lowell, United States | $24.42M | Synthetic adhesives for bone and dental repair are developed. | ||
| dimensioninx.com | 2017 | Chicago, United States | $15.42M | 3D biomaterials are provided for regenerative medicine applications. |
Detailed competitors of Inovedis
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Top companies in Orthopedics
3 companies that operate in the same segment as Inovedis (Orthopedics) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of high-frequency spinal cord stimulation implants | 2006 | Menlo Park, California, United States | USD 154.1 M | USD 353.08 M | 1,215 | |
Developer of therapies for the treatment of musculoskeletal disorders | 2007 | Woburn, Massachusetts, United States | USD 62 M | USD 85.55 M | 692 | |
Antibody-siRNA complexes are developed for cancer treatment. | 2012 | San Diego, California, United States | USD 142.54 M | USD 10.9 M | 391 |
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Related news about Inovedis
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Frequently Asked Questions about Inovedis
Inovedis was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Inovedis is headquartered in Eden Prairie, United States. It is registered at Eden Prairie, Minnesota, United States.
Stefan Welte is the CEO of Inovedis, as recorded in our data. They have also founded this 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 2023.
The primary company behind Inovedis, Ironsource India Private Limited, reported revenue of ₹21.75 Cr for FY 2025, up 206% year on year.
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.
Inovedis's top competitors include RevBio, Miach Orthopaedics and Dimension Inx.
Inovedis offers SINEFIX Implant System.
Inovedis has 4 investors. Key investors include RENOLIT, High-Tech Gründerfonds, MBG, and Start-up BW.
Inovedis operates through Ironsource India Private Limited.
The legal entities of Inovedis currently have 4 directors, including Nora Sen Go, Bhagavant Bedi, Shridhar Subbaraman Iyer and others.