About ONWARD
ONWARD is a company based in Eindhoven (Netherlands) founded in 2014.. ONWARD has raised $35.04 million across 12 funding rounds from investors including Otto Bock, EQT and HHS. ONWARD offers products and services including ARC EX Therapy, ARC IM, and Brain-Computer Interface. ONWARD operates in a competitive market with competitors including SetPoint Medical, Nalu Medical, Atlantic Therapeutics, Synchron and CyMedica Ortho, among others.
- Headquarter Eindhoven, Netherlands
- Stage Public
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35.04 M (USD)
in 12 rounds
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Latest Funding Round
$59.17 M (USD), Post-IPO
Oct 28, 2025
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Investors
Otto Bock
& 12 more
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Employee Count
Employee Count
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Products & Services of ONWARD
ONWARD offers a comprehensive portfolio of products and services, including ARC EX Therapy, ARC IM, and Brain-Computer Interface. 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.
Non-invasive device to improve hand function in spinal cord injury patients.
Implantable system for restoring movement in neurological conditions.
Technology for brain-controlled device interaction in paralysis cases.
Funding Insights of ONWARD
ONWARD has successfully raised a total of $35.04M across 12 strategic funding rounds. The most recent funding activity was a Post-IPO round of $59.17 million completed in October 2025. 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 12
- Last Round Post-IPO — $59.2M
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First Round
First Round
(01 Aug 2014)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Post-IPO - ONWARD | Valuation |
investors |
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| Nov, 2024 | Amount | Grant - ONWARD | Valuation |
investors |
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| Oct, 2024 | Amount | Post-IPO - ONWARD | Valuation |
investors |
| 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 ONWARD
ONWARD has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Otto Bock, EQT and HHS. 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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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location | |
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AI, deeptech, and healthcare tech companies are funded by Inkef.
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Founded Year | Domain | Location | |
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Infrastructure and venture capital funding is provided in key sectors.
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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 ONWARD
| 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 - ONWARD
| 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 |
Onward Comparisons
Competitors of ONWARD
ONWARD 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 SetPoint Medical, Nalu Medical, Atlantic Therapeutics, Synchron and CyMedica Ortho, 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 |
Implantable neuromodulation devices are developed for inflammatory diseases.
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| domain | founded_year | HQ Location |
Developer of a neurostimulation system for managing intractable chronic pain
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| domain | founded_year | HQ Location |
Non-invasive wearable devices for pelvic floor strengthening are developed.
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| domain | founded_year | HQ Location |
Implantable bioelectronics are developed for neurological condition treatments.
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| domain | founded_year | HQ Location |
Neuromuscular electrical stimulation platform to prevent Muscle atrophy after orthopedic surgeries
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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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| 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 Onward
Frequently Asked Questions about ONWARD
When was ONWARD founded?
ONWARD was founded in 2014.
Where is ONWARD located?
ONWARD is headquartered in Eindhoven, Netherlands. It is registered at Eindhoven, Noord-brabant, Netherlands.
Who is the current CEO of ONWARD?
Dave Marver is the current CEO of ONWARD.
Is ONWARD a funded company?
ONWARD is a funded company, having raised a total of $35.04M across 12 funding rounds to date. The company's 1st funding round was a Post-IPO of $24.26M, raised on Aug 01, 2014.
What does ONWARD do?
ONWARD was founded in 2014 in Eindhoven, Netherlands, and operates in the medical device sector. Focus is placed on developing ARC therapy, which is delivered through implantable or external systems. Programmed stimulation of the spinal cord is utilized to restore movement and associated functions in patients with spinal cord injuries. Operations center on therapeutic innovation for neurological conditions.
Who are the top competitors of ONWARD?
ONWARD's top competitors include SetPoint Medical, Synchron and Nalu Medical.
What products or services does ONWARD offer?
ONWARD offers ARC EX Therapy, ARC IM, and Brain-Computer Interface.
Who are ONWARD's investors?
ONWARD has 13 investors. Key investors include Otto Bock, EQT, HHS, Gimv, and European Union.
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