Tag: Alt-Bionics

Robotic Prosthetics Startup Alt-Bionics Raises $283K Seed Funding
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Robotic Prosthetics Startup Alt-Bionics Raises $283K Seed Funding

Alt-Bionics founder Ryan Saavedra announced Friday he had raised $283,000 in seed round funding. The investment will get Alt-Bionics closer to its goal of helping those seeking an affordable robotic hand.The amount raised came from angel investments, friends and family, city investment, and venture capital, Saavedra said. The City of San Antonio invested $50,000 from its SAMMI Fund to support medical military innovation, while the Alamo Angels contributed $25,000. Alt-Bionics is also participating in the San Antonio-based VelocityTx BioGlobal Accelerator and has received a $37,000 investment from the program. Alt-Bionics' first investment was $50,000 from participating in the Norfolk State University Innovation Center (NSUIC) incubator program in 2020. The University of Tex...
Alamo Angels Invests in UTSA Grad’s Affordable Prosthetic Startup Alt-Bionics
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Alamo Angels Invests in UTSA Grad’s Affordable Prosthetic Startup Alt-Bionics

An engineering graduate has gone from a prototype bionic hand to pre-seed funding to produce an affordable medical device for the market in less than a year.Alt-Bionics announced Friday a $25,000 investment from Alamo Angels, a San Antonio-based accredited angel investor network. The funding gets Alt-Bionics closer to helping thousands of individuals access one of the most inexpensive prostheses available in the marketplace."Alt-Bionics mission is to create highly affordable prosthetic devices for below-elbow amputees," founder and CEO Ryan Saavedra said. "We plan to expand our line of prosthetics over time to produce bionic upper and lower extremities."The University of Texas at San Antonio (UTSA) electrical engineering graduate's robotic hand won second place at the univ...