INVEST RAISE ABOUT INSTITUTIONAL arrow_back BACK Downing Ventures supports £4.6 million investment in Open Bionics, creator of the ‘hero arm’ 15 January 2019 Open Bionics is an award-winning designer, manufacturer and supplier of bionic limbs, based at the University of the West of England in Bristol. The company uses 3D printing and scanning technology to produce custom-made prosthetics at a lower manufacturing cost than what is traditionally considered an expensive area of prosthetics. Its first commercial product, the Hero Arm, secured commercial licenses from Disney, Marvel and Pixar to design arms for children with themes from Star Wars, Frozen and the Marvel Universe. Downing-managed funds have invested alongside Foresight Williams Technology EIS Fund, Ananda Impact Ventures and Rathbone Nominees. Osborne Clarke also advised on the deal. Will Brooks, Investment Director at Downing Ventures, comments: “As early backers of Open Bionics, we are pleased to increase and strengthen our support for a talented team that’s bringing advanced prosthetics to a wider market. We believe in Open Bionics’ vision of democratising access to cutting-edge healthcare technology and look forward to helping the business make this a reality.” - ends - For all press enquiries, please contact: Pamela Morris, PR Director at the lang cat 0131 202 6037 / 07712 515 503 pamela@langcatfinancial.com Jean Birrell, Downing LLP 07799555353 jean.birrell@downing.co.uk Downing Home Our story The team News & views Responsible investing Careers Contact us Invest Bonds EIS Estate planning Downing Fund Managers VCT Existing investor Investor centre Institutional Institutional investors Infrastructure asset management Raise Development Capital Energy Healthcare Leisure Property Wholesale Finance Ventures Ventures home About ventures Portfolio Ventures team Ventures careers Legal & support Privacy & cookie policy Information Security Policy Statement Terms and conditions Terms of business Inducement disclosure FAQs Pillar III Modern slavery statement Fraud prevention Complaints Social Twitter LinkedIn Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: St Magnus House, 3 Lower Thames Street, London EC3R 6HD. VAT Number: 112 940 149 We use cookies to ensure that we give you the best experience on our website. Click here for more information. DISMISS Feedback