{"id":27924,"date":"2024-10-28T15:26:36","date_gmt":"2024-10-28T14:26:36","guid":{"rendered":"https:\/\/ggba.swiss\/?p=27924"},"modified":"2024-10-28T15:26:38","modified_gmt":"2024-10-28T14:26:38","slug":"onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner","status":"publish","type":"post","link":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/","title":{"rendered":"ONWARD Medical raises EUR 50 million and welcomes a new strategic partner"},"content":{"rendered":"\n

ONWARD Medical<\/a>, a leader in spinal cord stimulation therapies, has raised EUR 50 million through an upsized private placement with institutional investors, securing a substantial two-year cash runway. This capital increase reflects strong demand and supports ONWARD’s mission to restore movement, function and independence to people with spinal cord injury (SCI). This latest funding also establishes a strategic partnership with Ottobock<\/a>, a global innovator in prosthetics, orthotics and exoskeletons, which has acquired approximately 10% of ONWARD’s share capital.<\/p>\n\n\n\n

In addition, ONWARD recently raised EUR 20 million through a combination of private placement and IPO to support product development, clinical trials and the anticipated U.S. launch of its ARC-EX system for hand and arm function restoration. These achievements have strengthened ONWARD’s financial position and its ability to advance cutting-edge therapies in the treatment of spinal cord injury.<\/p>\n\n\n\n

The partnership with Ottobock, a company with over 100 years of expertise in mobility solutions, aims to explore joint development and commercial ventures. \u201cWe are thrilled to welcome Ottobock as a strategic investor and partner,\u201d said ONWARD CEO Dave Marver. \u201cTheir expertise aligns with our mission, and we look forward to collaborating to expand our range of groundbreaking therapies.\u201d Ottobock\u2019s Chairman, Professor Hans Georg N\u00e4der, expressed similar optimism, highlighting ONWARD\u2019s potential to become a \u201cgame-changer\u201d in SCI therapy.<\/p>\n\n\n\n

ONWARD plans to use the funds to advance research and development, particularly for its ARC-EX, ARC-IM and ARC-BCI systems. The investment will also support the commercial launch of ARC-EX in the U.S., the expansion of operational infrastructure, and strategic opportunities that may include licensing or acquisitions.<\/p>\n","protected":false},"excerpt":{"rendered":"

ONWARD Medical has raised EUR 50 million through an upsized private placement, establishing a strategic partnership with Ottobock. The funds will drive ONWARD\u2019s research and commercialization of spinal cord therapies, with plans for collaboration with Ottobock on future innovations.<\/p>\n","protected":false},"author":6,"featured_media":27925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[833],"tags":[894,963,926,940,902],"class_list":["post-27924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-life-science","tag-financing","tag-medical-devices","tag-medtech","tag-neuroscience","tag-personalized-medicine"],"acf":[],"yoast_head":"\nONWARD Medical raises EUR 50 million | GGBa<\/title>\n<meta name=\"description\" content=\"ONWARD Medical has raised EUR 50 million through an upsized private placement, establishing a strategic partnership with Ottobock.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ONWARD Medical raises EUR 50 million | GGBa\" \/>\n<meta property=\"og:description\" content=\"ONWARD Medical has raised EUR 50 million through an upsized private placement, establishing a strategic partnership with Ottobock.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/\" \/>\n<meta property=\"og:site_name\" content=\"Greater Geneva Bern area\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-28T14:26:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-28T14:26:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ggba.swiss\/app\/uploads\/2024\/10\/Onward-Arc-1180x811-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1180\" \/>\n\t<meta property=\"og:image:height\" content=\"811\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pierre-Yves Oehrli\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Pierre-Yves Oehrli\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/\"},\"author\":{\"name\":\"Pierre-Yves Oehrli\",\"@id\":\"https:\/\/staging.ggba.swiss\/en\/#\/schema\/person\/0b2e6d04131e3d01237dcb741fa33d41\"},\"headline\":\"ONWARD Medical raises EUR 50 million and welcomes a new strategic partner\",\"datePublished\":\"2024-10-28T14:26:36+00:00\",\"dateModified\":\"2024-10-28T14:26:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/\"},\"wordCount\":275,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ggba.swiss\/app\/uploads\/2024\/10\/Onward-Arc-1180x811-1.jpeg\",\"keywords\":[\"Financing\",\"Medical Devices\",\"Medtech\",\"Neuroscience\",\"Personalized Medicine\"],\"articleSection\":[\"Life sciences\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/\",\"url\":\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/\",\"name\":\"ONWARD Medical raises EUR 50 million | GGBa\",\"isPartOf\":{\"@id\":\"https:\/\/staging.ggba.swiss\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ggba.swiss\/app\/uploads\/2024\/10\/Onward-Arc-1180x811-1.jpeg\",\"datePublished\":\"2024-10-28T14:26:36+00:00\",\"dateModified\":\"2024-10-28T14:26:38+00:00\",\"author\":{\"@id\":\"https:\/\/staging.ggba.swiss\/en\/#\/schema\/person\/0b2e6d04131e3d01237dcb741fa33d41\"},\"description\":\"ONWARD Medical has raised EUR 50 million through an upsized private placement, establishing a strategic partnership with Ottobock.\",\"breadcrumb\":{\"@id\":\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#primaryimage\",\"url\":\"https:\/\/ggba.swiss\/app\/uploads\/2024\/10\/Onward-Arc-1180x811-1.jpeg\",\"contentUrl\":\"https:\/\/ggba.swiss\/app\/uploads\/2024\/10\/Onward-Arc-1180x811-1.jpeg\",\"width\":1180,\"height\":811,\"caption\":\"ONWARD\u2019s brain-computer interface detects brain signals for intended movement in paralyzed patients, and AI algorithms send these signals to the ARC-IM spinal cord stimulator to prompt movement in the arms, hands, or fingers. | \u00a9 ONWARD Medical\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ggba.swiss\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ONWARD Medical raises EUR 50 million and welcomes a new strategic partner\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/staging.ggba.swiss\/en\/#website\",\"url\":\"https:\/\/staging.ggba.swiss\/en\/\",\"name\":\"Greater Geneva Bern area\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/staging.ggba.swiss\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/staging.ggba.swiss\/en\/#\/schema\/person\/0b2e6d04131e3d01237dcb741fa33d41\",\"name\":\"Pierre-Yves Oehrli\",\"url\":\"https:\/\/ggba.swiss\/en\/author\/pierre-yves-oehrli\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ONWARD Medical raises EUR 50 million | GGBa","description":"ONWARD Medical has raised EUR 50 million through an upsized private placement, establishing a strategic partnership with Ottobock.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/","og_locale":"en_US","og_type":"article","og_title":"ONWARD Medical raises EUR 50 million | GGBa","og_description":"ONWARD Medical has raised EUR 50 million through an upsized private placement, establishing a strategic partnership with Ottobock.","og_url":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/","og_site_name":"Greater Geneva Bern area","article_published_time":"2024-10-28T14:26:36+00:00","article_modified_time":"2024-10-28T14:26:38+00:00","og_image":[{"width":1180,"height":811,"url":"https:\/\/ggba.swiss\/app\/uploads\/2024\/10\/Onward-Arc-1180x811-1.jpeg","type":"image\/jpeg"}],"author":"Pierre-Yves Oehrli","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Pierre-Yves Oehrli","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#article","isPartOf":{"@id":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/"},"author":{"name":"Pierre-Yves Oehrli","@id":"https:\/\/staging.ggba.swiss\/en\/#\/schema\/person\/0b2e6d04131e3d01237dcb741fa33d41"},"headline":"ONWARD Medical raises EUR 50 million and welcomes a new strategic partner","datePublished":"2024-10-28T14:26:36+00:00","dateModified":"2024-10-28T14:26:38+00:00","mainEntityOfPage":{"@id":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/"},"wordCount":275,"commentCount":0,"image":{"@id":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#primaryimage"},"thumbnailUrl":"https:\/\/ggba.swiss\/app\/uploads\/2024\/10\/Onward-Arc-1180x811-1.jpeg","keywords":["Financing","Medical Devices","Medtech","Neuroscience","Personalized Medicine"],"articleSection":["Life sciences"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/","url":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/","name":"ONWARD Medical raises EUR 50 million | GGBa","isPartOf":{"@id":"https:\/\/staging.ggba.swiss\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#primaryimage"},"image":{"@id":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#primaryimage"},"thumbnailUrl":"https:\/\/ggba.swiss\/app\/uploads\/2024\/10\/Onward-Arc-1180x811-1.jpeg","datePublished":"2024-10-28T14:26:36+00:00","dateModified":"2024-10-28T14:26:38+00:00","author":{"@id":"https:\/\/staging.ggba.swiss\/en\/#\/schema\/person\/0b2e6d04131e3d01237dcb741fa33d41"},"description":"ONWARD Medical has raised EUR 50 million through an upsized private placement, establishing a strategic partnership with Ottobock.","breadcrumb":{"@id":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#primaryimage","url":"https:\/\/ggba.swiss\/app\/uploads\/2024\/10\/Onward-Arc-1180x811-1.jpeg","contentUrl":"https:\/\/ggba.swiss\/app\/uploads\/2024\/10\/Onward-Arc-1180x811-1.jpeg","width":1180,"height":811,"caption":"ONWARD\u2019s brain-computer interface detects brain signals for intended movement in paralyzed patients, and AI algorithms send these signals to the ARC-IM spinal cord stimulator to prompt movement in the arms, hands, or fingers. | \u00a9 ONWARD Medical"},{"@type":"BreadcrumbList","@id":"https:\/\/ggba.swiss\/en\/onward-medical-raises-eur-50-million-and-welcomes-a-new-strategic-partner\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ggba.swiss\/en\/"},{"@type":"ListItem","position":2,"name":"ONWARD Medical raises EUR 50 million and welcomes a new strategic partner"}]},{"@type":"WebSite","@id":"https:\/\/staging.ggba.swiss\/en\/#website","url":"https:\/\/staging.ggba.swiss\/en\/","name":"Greater Geneva Bern area","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/staging.ggba.swiss\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/staging.ggba.swiss\/en\/#\/schema\/person\/0b2e6d04131e3d01237dcb741fa33d41","name":"Pierre-Yves Oehrli","url":"https:\/\/ggba.swiss\/en\/author\/pierre-yves-oehrli\/"}]}},"_links":{"self":[{"href":"https:\/\/ggba.swiss\/en\/wp-json\/wp\/v2\/posts\/27924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ggba.swiss\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ggba.swiss\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ggba.swiss\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ggba.swiss\/en\/wp-json\/wp\/v2\/comments?post=27924"}],"version-history":[{"count":1,"href":"https:\/\/ggba.swiss\/en\/wp-json\/wp\/v2\/posts\/27924\/revisions"}],"predecessor-version":[{"id":27928,"href":"https:\/\/ggba.swiss\/en\/wp-json\/wp\/v2\/posts\/27924\/revisions\/27928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ggba.swiss\/en\/wp-json\/wp\/v2\/media\/27925"}],"wp:attachment":[{"href":"https:\/\/ggba.swiss\/en\/wp-json\/wp\/v2\/media?parent=27924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ggba.swiss\/en\/wp-json\/wp\/v2\/categories?post=27924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ggba.swiss\/en\/wp-json\/wp\/v2\/tags?post=27924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}