Restore Medical Solutions, a local startup that went through the inaugural season of accelerator program ZeroTo510, has closed on its Series A funding round by raising $2.5 million.
The investors are Innova and MB Ventures, with Innova taking the lead.
Restore, which was launched by Shawn Flynn and Ryan Ramkhelawan, has invented a modular surgical tray and method that increases speed and efficacy in reprocessing sterile surgical instruments.
“Memphis has been very good to us and has a tremendous amount of resources which everyone throughout the community and the country needs to know about,” said Restore president Flynn in an email to The Daily News. “Memphians should be proud to know that the leaders of this state, both private and public, are taking a proactive stance in job creation and economic development.
“BioWorks, Launch Tennessee and Seed Hatchery are just a few examples of entities that are available for the public to utilize to incubate their ideas which will directly impact growth and opportunity. We are just one of many success stories that will come as a result of these coordinated efforts.”