ONWARD Medical
About ONWARD Medical
ONWARD Medical is a Medical Devices startup based in Eindhoven, Netherlands that has raised $269M in venture capital across 6 funding rounds since 2014. The company reached Growth stage in April 2016 with a $29M round led by LSP Life Sciences. ONWARD Medical's investor base includes 11 institutional funds, with EQT Life Sciences leading the most recent equity round.
ONWARD Medical is a neurotechnology company developing spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injuries. Its flagship ARC-EX® System — an FDA-cleared, non-invasive external stimulator for cervical spinal cord injury — is commercially available in the US and Europe, while the investigational ARC-IM® implantable platform is advancing through pivotal trials. The company, originally spun out of EPFL in 2014, holds 10 FDA Breakthrough Device Designations and nearly 400 issued or pending patents, and is publicly listed on Euronext Brussels, Amsterdam, and Paris.
ONWARD Medical Funding Rounds Timeline
6 rounds · $269M raised · since 2014
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Series A | April 2016 | $29M | — | LSP Life Sciences | INKEF Capital, Gimv, Wellington Partners |
| Series B | April 2021 | $32M | — | Invest-NL | Olympic Investments, LSP Life Sciences, INKEF Capital, Gimv, Wellington Partners |
| IPO | October 2021 | $87M | — | — | — |
| Post-IPO Equity | March 2024 | $22M | — | INKEF Capital | EQT Life Sciences |
| DebtDebt | June 2024 | $57M | — | Runway Growth Capital | — |
| Post-IPO Equity | October 2025 | $56M | — | Ottobock | Invus, ASR Global Impact Equity Fund |
| Growth | April 2026 | $44M | — | EQT Life Sciences | — |
Investors in ONWARD Medical
11 institutional investors across 6 rounds
Lead investors
Co-investors
Recent news about ONWARD Medical
Questions about ONWARD Medical
How much has ONWARD Medical raised?
ONWARD Medical has raised $269M across 6 funding rounds since 2014.
Who are the investors of ONWARD Medical?
ONWARD Medical's investors include EQT Life Sciences, INKEF Capital, Invest-NL, Gimv, Wellington Partners, Invus, LSP Life Sciences, Olympic Investments, Ottobock, ASR Global Impact Equity Fund, Runway Growth Capital.
When was ONWARD Medical's last funding round?
ONWARD Medical's most recent round was a $29M Series A in April 2016, led by LSP Life Sciences.
Where is ONWARD Medical headquartered?
ONWARD Medical is headquartered in Eindhoven, Netherlands, and was founded in 2014 by Grégoire Courtine, Jocelyne Bloch, Sjaak Deckers.