$6.6 MILLION FOR WOVEN ORTHOPEDIC TECHNOLOGIES (Orthopedics This Week)
website Woven Orthopedic Technologies
Those at Connecticut-based Woven Orthopedic Technologies, LLC are feeling pretty festive these days…they have hit the $6.6 million mark in equity financing since the company’s inception in 2013. This is thanks to the recent sale of more than $4 million worth of capital.
Brandon Bendes, vice president of strategy & finance at Woven Technologies, told OTW, “After we raised our seed round in mid-2013, we started identifying the funds needed to help us optimize design, conduct preliminary tests, and roll-out the strategic business initiatives necessary to develop the business. As investment professionals who have built and exited companies in the past, we understood the essential components needed to raise capital from investors: (1) a superb idea that solves an unmet need, (2) external validation from industry experts, and (3) a great leadership team with grit to execute the business plan.”
“In regards to the idea, Viscogliosi Brothers, a VC [venture capital] firm that specializes in the neuro-musculoskeletal industry and is known for identifying and developing successful m...
