Inotec Secures $33 Million in Series C Financing
Deal News | Dec 02, 2024 | Amadeus Capital Partners Limited
Inotec AMD, a leader in continuous topical oxygen therapy for advanced wound care, has successfully completed a $33 million Series C funding round. The financing, led by Amadeus Capital Partners alongside Meltwind, Puhua Capital, and the Wealth Club, aims to enhance the company's market presence in the United States. The investment will facilitate Inotec's strategic goal of securing national US reimbursement for NATROX O, their flagship therapy, which promises quicker and more effective healing of chronic wounds. The funding will also be used to expand Inotec's leadership team, strengthening its capabilities for global growth and innovation. Inotec's innovative technology delivers oxygen continuously to wounds, offering a non-invasive solution that is accessible globally. The successful funding round reflects investor confidence in Inotec's mission to revolutionize wound care and improve patients' lives worldwide.
Sectors
- Healthcare
- Biomedical Devices
- Venture Capital
Geography
- United Kingdom – Inotec AMD and Amadeus Capital Partners are based in the UK.
- United States – The funding aims to expand Inotec's market and obtain reimbursement for NATROX O in the US.
- China – Puhua Capital, one of the investors, is based in China.
Industry
- Healthcare – Inotec AMD operates in the healthcare sector, providing advanced wound care solutions.
- Biomedical Devices – Inotec AMD's NATROX O is a biomedical device providing cTOT for wound care.
- Venture Capital – Amadeus Capital Partners is a venture capital firm leading the funding round.
Financials
- $33 million – Amount raised by Inotec AMD in the Series C funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Inotec AMD | Target Company | Company | A medical technology company specializing in advanced wound care solutions using NATROX O. |
| Amadeus Capital Partners | Lead Investor | Company | A venture capital firm that led the Series C funding round for Inotec AMD. |
| Meltwind | Investor | Company | An investment firm acting as one of the investors in Inotec's Series C funding round. |
| Puhua Capital | Investor | Company | A Chinese investment firm involved in funding Inotec AMD. |
| Wealth Club | Investor | Company | An investment organization participating in the Series C funding round for Inotec. |
| Craig Kennedy | CEO | Person | CEO of Inotec AMD, overseeing strategic initiatives and growth. |
| Pierre Socha | Partner at Amadeus Capital Partners | Person | Partner at the firm leading Inotec's Series C funding round. |