ART leads over-subscribed pre-seed round for Winter Innovations
Great news for Winter Innovations, the start-up initially founded by Lia Winter to bring to market a new needle for orthopedic procedures.
The Angel Roundtable (ART), the angel investment network of the Appalachian Highlands, and Winter have announced that ART led an over-subscribed pre-seed investment round that will support the launch of the company’s EasyWhipTM device that is a two-part suturing needle designed to facilitate the whip stitch used in orthopedic surgery to repair torn ligaments and tendons.
Winter and Co-Founder Preston Dishner, a native of the Appalachian Highlands region, recently graduated from the University of Tennessee, Knoxville. Regular readers of teknovation.biz have seen numerous articles about the company and the amazing success Winter has experienced in pitch competitions.
“We initially became aware of Winter Innovations through an event at the University of Tennessee’s Haslam School of Business and UT’s Anderson Center for Entrepreneurship and Innovation about two years ago,” said Tony Lettich, Managing Director of ART. “Our team immediately recognized the Co-Founders’ creativity, passion and discipline for addressing a problem they had identified in the area of orthopedic reconstruction. We were very impressed and have been following the company closely since that time as they have worked to develop and transform their idea from the basic concept into a viable, seed level start-up. ART is excited about the opportunity to support the company, which we believe fits well in our portfolio.”
To learn more about this important development, read the full news release (Winter ART Final Joint Release).