What is Cast21?
Founded in 2015, Cast21 operates at the intersection of material science and clinical orthopedics. The company has developed a patent-pending tubing system that utilizes medalist thermoplastic elastomers to create lightweight, waterproof, and breathable orthopedic casts. Unlike conventional immobilization devices that often lead to skin irritation and hygiene concerns, Cast21's solution is designed for patient comfort and ease of application. By streamlining the manufacturing process and enhancing the patient experience, the company is carving out a distinct niche within the multi-billion dollar global orthopedic market, providing a scalable alternative to legacy casting materials.
How much funding has Cast21 raised?
Cast21 has raised a total of $800K across 1 funding round:
Private Equity
$800K
Private Equity (2017): $800K with participation from MB Venture Partners, Bindley Western Industries, Innova Memphis, and IllinoisVENTURES
Key Investors in Cast21
MB Venture Partners
A Memphis-based venture capital firm specializing in life science and medical device sectors, with a strong focus on musculoskeletal disease solutions.
Innova Memphis
An early-stage investor providing seed capital and mentorship to high-growth companies in healthcare, technology, and AgTech sectors.
IllinoisVENTURES
A venture capital firm focused on seed and Series A investments in deep tech, supporting innovators with ties to the University of Illinois.
What's next for Cast21?
With the infusion of capital from this major strategic investment, Cast21 is poised to scale its manufacturing operations and expand its clinical footprint. The company's roadmap likely includes deepening its intellectual property portfolio and pursuing broader distribution channels within hospital networks and private orthopedic practices. As the firm moves forward, the focus will remain on optimizing its supply chain and demonstrating the long-term clinical efficacy of its thermoplastic solutions. By maintaining its commitment to innovation in musculoskeletal health, Cast21 is set to challenge established industry standards and improve recovery outcomes for patients requiring immobilization.
See full Cast21 company page
