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Woodcast (Onbone)

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Develops medical devices for orthopaedic and traumatology purposes

Helsinki, FinlandFounded 2008Health Tech & Medtech
Valuation $50–100M Last recorded · 2015
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Woodcast (Onbone)

Onbone Oy, operating under the brand name Woodcast, is a Finnish company established in 2008 that has developed a specialized wood-composite material for medical immobilization. The company was founded by Jari Salo, with other sources indicating it was started by two researchers from the University of Helsinki. The firm’s core product, Woodcast, is a blend of aspen wood chips and a biodegradable polymer, presenting an alternative to traditional casting materials like plaster of Paris and fiberglass.

The business centers on manufacturing and distributing this proprietary material through a global network to various healthcare clients. Its primary customers include emergency departments, orthopedic departments, hand therapists, podiatrists, and veterinary clinics. Revenue is generated from the sale of Woodcast products, which include splints and ribbons of various sizes. The material's pricing is comparable to synthetic alternatives, but the company suggests that clients can achieve overall cost savings due to faster application times and reduced waste.

Woodcast's main feature is its composition, which is non-toxic and free from common irritants like isocyanates and latex found in other casting materials. The material is thermoplastic, becoming moldable when heated to around 65°C using a dedicated heater and hardening as it cools. This process requires no water or protective gloves, simplifying application. A significant benefit is that Woodcast is remoldable; it can be reheated and reshaped for a precise fit, which is particularly useful for adjustments during the healing process. The material is also X-ray transparent, allowing medical professionals to monitor fractures without removing the cast. Initially launched for medical use in 2010 after receiving CE and FDA approval, its applications have expanded to sports for creating protective gear and veterinary medicine, where its non-toxic nature is a key advantage.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2008
Headquarters
Helsinki, Finland
Employees
4
Open positions
None listed
Dealroom signal
82.0/100
Industry
Health
Sub-industry
Medical Devices
Sector
Health Tech & Medtech, Hard Tech
Business model
Manufacturing
Client focus
b2c

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCOther financing Apr 2015 $11M $44M Inveni Capital · MVM Life Science Partners · TeSi —
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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
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Growth signals

Woodcast (Onbone) website traffic

Latest recorded traffic for Woodcast (Onbone) is 840 monthly website visits, down 58% over the last three months. Woodcast (Onbone)'s team grew 33.3% over the past year.

Latest monthly visits840 3-month web change-58% 1-year team growth+33.3%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

  • Inveni Capital
  • MVM Life Science Partners
  • TeSi
Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇸🇪 Sweden100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Woodcast (Onbone) on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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