
MVM leads €10m round for Onbone
MVM Life Science Partners has led a ТЃ10m funding round for Onbone, a Finnish developer of material for medical casts and splints.
Finnish Industry Investment and existing Finnish investor Inveni Capital also participated in the round alongside private Finnish investors.
The fresh capital will be used to bring Onbone's Woodcast range of casting and splinting products to the international market.
Stuart Ashman, the former president of Andover Medical, will join Onbone as CEO following the financing round.
Company
Founded in 2008, Helsinki-based Onbone develops and produces a wood composite called Woodcast for splinting and casting applications.
Woodcast is manufactured from wood and biodegradable plastic, which means it is mouldable and remouldable.
People
Bali Muralidhar is a partner at MVM and Heli Ahlroos is an investment director at Finnish Industry Investment. Stuart Ashman is the CEO of Onbone.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds