About Open Bionics
Open Bionics is a company based in Bristol (United Kingdom) founded in 2014.. Open Bionics has raised $6.98 million across 3 funding rounds from investors including NHS Choices, Downing and Ananda Impact Ventures. Open Bionics offers products and services including Hero ARM, Hero RGD, Hero PRO, Hero FLEX, and Sidekick App. Open Bionics operates in a competitive market with competitors including Biomet, Treace Medical Concepts, Össur, Bioretec and IlluminOss Medical, among others.
- Headquarter Bristol, United Kingdom
- Stage Minicorn
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Sectors
HealthcareTechnology
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Phone
*********
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Website
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Social
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- Legal Name Open Bionics Ltd
- Date of Incorporation 17 Apr, 2014
- Jurisdiction BRISTOL, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.98 M (USD)
in 3 rounds
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Latest Funding Round
$6.4 M (USD), Series A
Jan 11, 2019
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Investors
NHS Choices
& 13 more
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Employee Count
Employee Count
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Products & Services of Open Bionics
Open Bionics offers a comprehensive portfolio of products and services, including Hero ARM, Hero RGD, Hero PRO, Hero FLEX, and Sidekick App. 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.
Bionic arm for below-elbow amputees with customizable features.
Waterproof bionic hand for everyday use.
Lightweight and powerful prosthetic arm option.
Customizable arm for various activities and users.
App for controlling and managing bionic prosthetics.
Wireless EMG electrodes for enhanced prosthetic control.
Comfort-focused attachment for bionic arms.
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Funding Insights of Open Bionics
Open Bionics has successfully raised a total of $6.98M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.4 million completed in January 2019. 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 3
- Last Round Series A — $6.4M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series A - Open Bionics | Valuation | Ananda Impact Ventures , Foresight Williams | |
| Mar, 2017 | Amount | Seed - Open Bionics | Valuation | Downing | |
| Dec, 2016 | Amount | Seed - Open Bionics | Valuation | TLT , NHS Choices |
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| 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 Open Bionics
Open Bionics has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include NHS Choices, Downing and Ananda Impact Ventures. 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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Inheritance tax relief, funds, and bonds are provided across sectors.
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Founded Year | Domain | Location | |
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Ananda Impact Ventures is focused on impact-driven investments.
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Founded Year | Domain | Location | |
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A multi-family office managing associate companies and technology investments.
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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 Open Bionics
| 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 - Open Bionics
| 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 |
Open Bionics Comparisons
Competitors of Open Bionics
Open Bionics 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 Biomet, Treace Medical Concepts, Össur, Bioretec and IlluminOss Medical, 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 |
Orthopedic surgical and non-surgical products are designed and distributed.
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| domain | founded_year | HQ Location |
Orthopedic foot and ankle correction systems are developed and offered.
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| domain | founded_year | HQ Location |
Orthopedic bracing and support products are developed and sold.
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| domain | founded_year | HQ Location |
Provider of bioabsorbable, bioactive and drug-releasing surgical implants
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| domain | founded_year | HQ Location |
Minimally invasive orthopedic systems for bone fracture stabilization are developed.
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| domain | founded_year | HQ Location |
Thumb implant for thumb base arthritis
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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 Open Bionics
Frequently Asked Questions about Open Bionics
When was Open Bionics founded?
Open Bionics was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Open Bionics located?
Open Bionics is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
Is Open Bionics a funded company?
Open Bionics is a funded company, having raised a total of $6.98M across 3 funding rounds to date.
What does Open Bionics do?
Open Bionics designed a low-cost robotic prosthetic hand using 3D printing. This robotic hand senses muscle contractions and expansions an understands the variations in muscle movements and performs the task much similar to a normal hand. This is light-weight and low-cost robotic hand got a crowdfunding of 67.5k through Indiegogo campaign. The company has won Inclusive Technology Prize, prosthetic innovation award by Limbless Association Prosthetic and Orthotics Awards, and was listed in the top 50 robotics company in international RBR50 list.
Who are the top competitors of Open Bionics?
Open Bionics's top competitors include Treace Medical Concepts, Loci Orthopaedics and Bioretec.
What products or services does Open Bionics offer?
Open Bionics offers Hero ARM, Hero RGD, Hero PRO, Hero FLEX, and 3 more products and services.
Who are Open Bionics's investors?
Open Bionics has 14 investors. Key investors include NHS Choices, Downing, Ananda Impact Ventures, Foresight Williams Technology (FWT), and Cascade Global.
What is Open Bionics's valuation?
The valuation of Open Bionics is $16.94M as of Jan 2019.
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