About Novastep
Novastep is a company based in New York (United States) founded in 2019 was acquired by Enovis in April 2023. It operates as a Direct-to-Consumer (D2C), and Professional Services. Novastep offers products and services including Pecaplasty System, Centrolock System, Airlock Plating System, Lync Hammertoe Correction, and Arcad Nitinol Compression Staples. Novastep operates in a competitive market with competitors including Toetal Solutions, DT MedTech, SelectFlex, AlphaMet and Panther Orthopedics, among others.
- Headquarter New York, United States
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Novastep Inc.
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Products & Services of Novastep
Novastep offers a comprehensive portfolio of products and services, including Pecaplasty System, Centrolock System, Airlock Plating System, Lync Hammertoe Correction, and Arcad Nitinol Compression Staples. 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.
Minimally invasive bunion correction system is provided.
Guided transverse osteotomy for hallux valgus correction.
Forefoot and midfoot plating system is offered.
Hammertoe fixation solution is designed for correction.
Compression staples made of nitinol are provided.
Funding Insights of Novastep
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Novastep
Novastep has secured backing from 1 investor. Prominent investors backing the company include Enovis. 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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Medical devices for bracing, surgery, and recovery are manufactured.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Novastep
| 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 - Novastep
| 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 |
Novastep Comparisons
Competitors of Novastep
Novastep 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 Toetal Solutions, DT MedTech, SelectFlex, AlphaMet and Panther Orthopedics, 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 |
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| domain | founded_year | HQ Location |
Platform solutions for foot and ankle deformities are provided.
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Instruments for joint implantation and reconstruction are manufactured.
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Offers adjustable insoles for foot pain relief and arch support.
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| domain | founded_year | HQ Location |
Develops and markets innovative implants and instruments for minimal invasive foot surgery.
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Creates innovative superelastic fixation devices for treating ankle syndesmosis conditions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Novastep
Frequently Asked Questions about Novastep
When was Novastep founded?
Novastep was founded in 2019.
Where is Novastep located?
Novastep is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Novastep?
Vadim Gurevich is the current CEO of Novastep.
What does Novastep do?
Novastep is established as a key player in the foot and ankle medical device sector. The company is focused on delivering innovative solutions for minimally invasive surgeries, particularly for bunion and hammertoe corrections. Products such as the Pecaplasty System and Centrolock System are developed to address clinical challenges and improve outcomes. Solutions are tailored for ambulatory surgery centers, emphasizing cost-effectiveness and enhanced delivery experiences. Novastep operates primarily in the United States while maintaining an international presence.
Who are the top competitors of Novastep?
Novastep's top competitors include DT MedTech, Toetal Solutions and SelectFlex.
What products or services does Novastep offer?
Novastep offers Pecaplasty System, Centrolock System, Airlock Plating System, Lync Hammertoe Correction, and Arcad Nitinol Compression Staples.
Who are Novastep's investors?
Novastep has 1 investor. Key investors include Enovis.