OSSTEC Secures £2.5m to Revolutionize Joint Implants
Deal News | Apr 09, 2025 | UK Tech Funding
London-based startup OSSTEC has raised £2.5 million to advance its 3D printing technology aimed at improving joint replacement implants. With over a million knee surgeries performed globally every year and a significant risk of failure, OSSTEC's solution, rooted in a decade of research at Imperial College London, seeks to enhance the reliability of these procedures. The funding round, led by deep tech investors Empirical Ventures, will facilitate the startup's market launch and strategic partnerships in the medical sector. OSSTEC, under the leadership of CEO Max Munford, aims to reduce failure rates in knee surgeries with its innovative products that mimic cartilage and bone structures. Empirical Ventures' co-founder Johnathan Matlock highlighted the groundbreaking potential of OSSTEC's technology to reform healthcare practices.
Sectors
- Medical Technology
- 3D Printing
- Healthcare
Geography
- United Kingdom – OSSTEC is based in London, UK, and the funding round involves UK-based investors such as Empirical Ventures.
Industry
- Medical Technology – OSSTEC operates in the medical technology industry as it develops innovative 3D-printed joint implants aimed at improving surgical outcomes for joint replacement patients.
- 3D Printing – OSSTEC employs 3D printing technology to create advanced joint implants, positioning itself within the 3D printing sector.
- Healthcare – OSSTEC's products target the healthcare sector, specifically in the area of knee replacement surgeries, with the goal of enhancing medical procedures and patient outcomes.
Financials
- £2.5 million – The amount raised by OSSTEC in its latest funding round to advance its 3D printing technology.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OSSTEC | Target Company | Company | A London-based startup specializing in 3D printing technology for joint implants. |
| Empirical Ventures | Investor | Company | A deep tech investment group that led OSSTEC's funding round. |
| Max Munford | CEO and Founder | Person | Founder and CEO of OSSTEC, leading the company's efforts in 3D-printed joint implants. |
| Johnathan Matlock | General Partner and Co-founder | Person | Co-founder of Empirical Ventures and participant in OSSTEC's funding round. |