Eventum Orthopaedics’ £1.4 Million Funding Round

Stevens & Bolton advised Eventum Orthopaedics on the deal.

Eventum Orthopaedics, successfully completed a funding round, raising £1.4m to bring its device to market. This exciting deal combines the expertise of our entrepreneurs practice with our life sciences specialism, advising on fundraising documents as well as intellectual property matters.

The investment round was led by Mercia and the Northern Powerhouse Investment Fund which provides over £500m of investment to boost small and medium business growth in the North of England.

Eventum Orthopaedics is a Yorkshire-based business founded by John Naybour and Paul Atherton, who between them have almost 50 years’ experience in the field of orthopaedics. They have been supported with the fund raise by NXD Mike Cripps who has a wealth of SME and start-up experience. The company has developed sensor technology designed to improve outcomes for patients having knee replacement operations. The funding will allow the team to finalise development and bring the product to market in 2022.

The Stevens & Bolton’s team was led by Nick Atkins (Picture), and supported by Nassar Nassar (senior associate, corporate), Catherine Sellars (associate, corporate), Joshua Day (trainee solicitor, corporate) and Charlotte Tillett (partner, intellectual property).

 

 

Involved fees earner: Nick Atkins – Stevens & Bolton LLP; Nassar Nassar – Stevens & Bolton LLP; Catherine Sellars – Stevens & Bolton LLP; Charlotte Tillett – Stevens & Bolton LLP;

Law Firms: Stevens & Bolton LLP;

Clients: Eventum Orthopaedics;

Author: Federica Tiefenthaler