OSSTEC Secures £2.5 Million for Revolutionary Joint Replacement Technology
Deal News | Apr 09, 2025 | Mishcon
Mishcon de Reya, a prominent law firm, facilitated a £2.5 million funding round for OSSTEC, a London-based medical technology startup. OSSTEC, leveraging a decade of research at Imperial College London, is pioneering an advanced 3D-printing technology aimed at revolutionizing joint replacement implants. This innovation, which enhances implant durability by mimicking cartilage and bone structures, is foraying into less invasive knee implants that encourage bone growth and lower failure risks. The investment was spearheaded by Empirical Ventures, a venture capital firm focused on deep-tech startups, with an interest in expanding investment opportunities due to the high demand. The funding will accelerate OSSTEC's market entry and foster partnerships with medical sector stakeholders. OSSTEC's CEO, Max Munford, expressed enthusiasm at the prospect of improving healthcare outcomes through this technology. Empirical Ventures' Johnathan Matlock highlighted the transformation of scientific discoveries into impactful healthcare solutions. OSSTEC’s key innovation, a cementless partial knee replacement developed by Chief Medical Officer Dr. Alex Liddle, is set to boost efficiencies and patient outcomes. Designed to advance patient care, this funding supports the broader mission of reshaping surgical practices and lowering healthcare costs.
Sectors
- Medical Technology
- Venture Capital
- Legal Services
Geography
- United Kingdom – OSSTEC is a London-based start-up, and the funding involves participants such as Mishcon de Reya and Empirical Ventures, both of which operate in the UK.
Industry
- Medical Technology – The article discusses OSSTEC, a medtech start-up focusing on developing innovative joint replacement technologies using 3D printing.
- Venture Capital – Empirical Ventures is highlighted as the venture capital firm leading the funding round for OSSTEC, indicating the involvement of venture capital investment in the transaction.
- Legal Services – Mishcon de Reya's role as a legal advisor on the funding round showcases the inclusion of legal services in facilitating the transaction.
Financials
- £2.5 million – The amount raised in the funding round for OSSTEC, led by Empirical Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OSSTEC | Target Company | Company | A London-based start-up that has developed patented 3D-printing technology for joint replacement implants. |
| Empirical Ventures | Investor | Company | A venture capital firm that led the £2.5 million funding round for OSSTEC, with a focus on supporting deep-tech startups. |
| Mishcon de Reya | Legal Advisor | Company | A law firm that advised OSSTEC on the funding round and participated through its investment arm, Mishcon PLUS. |