OSSTEC Raises £2.5m for 3D Printing Innovations
Deal News | Apr 08, 2025 | Business Cloud
OSSTEC, a London-based MedTech startup, has successfully raised £2.5 million in funding to bring its innovative 3D printing technology to market. The technology, developed from a decade of research at Imperial College London, aims to revolutionize joint replacement implants by mimicking cartilage articulating surfaces and bone-fixing structures. The funding round, led by DeepTech VC Empirical Ventures, will facilitate OSSTEC's market launch and the scaling of its partnerships within the medical industry. CEO Max Munford highlights that the technology promises to reduce implant failures and complications, allowing for more efficient healthcare options and significant cost savings. Johnathan Matlock from Empirical Ventures emphasizes the project's potential to transform healthcare practices, underscoring the venture capital firm's commitment to supporting impactful innovations.
Sectors
- Medical Technology (MedTech)
- Venture Capital
Geography
- United Kingdom – The company OSSTEC is based in London, UK, and the funding round for its technological innovations was led by a UK-based venture capital firm.
Industry
- Medical Technology (MedTech) – The article highlights innovations in MedTech, specifically in joint replacement implants and 3D printing technology that improve patient outcomes and healthcare efficiency.
- Venture Capital – The article discusses the involvement of a DeepTech venture capital firm, Empirical Ventures, in funding the innovative technological advancements at OSSTEC.
Financials
- £2.5 million – The amount raised by OSSTEC in the funding round led by Empirical Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OSSTEC | Target Company | Company | A MedTech startup focused on developing 3D printing technology for joint replacement implants. |
| Empirical Ventures | Bidding Companybuyer | Company | A specialist DeepTech venture capital firm leading the funding round for OSSTEC. |
| Max Munford, PhD | CEO and Founder | Person | CEO and founder of OSSTEC, working on bringing innovative 3D printing bone growth technology to market. |
| Johnathan Matlock | General Partner and Co-founder | Person | General partner and co-founder at Empirical Ventures, involved in supporting OSSTEC's funding. |