The Aalto University spin-out company will use the funds to commercialise its painless limb-lengthening method.
(May 7, 2015) Synoste was founded in 2012, and it has now raised EUR 1.2 million in A-round financing, the first round of financing undergone after seed financing. The funding was raised from existing and new investors, and the company also received EUR 1.0 million from the European Eurostars programme that supports promising growth companies. The funding will be used to fund clinical trials needed for acquiring the CE marking required before the company's product can be launched on the European market. Synoste's products will provide a painless and safe method for lengthening limbs and correcting skeletal deformations.