ONWARD Medical N.V. (Euronext: ONWD) (the “Company” or “ONWARD Medical”), the medical technology company creating innovative spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injury (SCI) and movement disorders, announces today that it successfully raised an amount of €20 million in gross proceeds by way of an accelerated bookbuild offering through a private placement with institutional investors, certain founders, and certain management and members of the Board of Directors of 4,307,641 new ordinary shares (the “Private Placement”) via the Joint Bookrunners (as defined below) and a separate public offering via the PrimaryBid platform with retail investors in France of 136,803 new ordinary shares (the “Public Offering”), representing a total of 4,444,444 new ordinary shares (such shares the “New Shares” and the Private Placement and the Public Offering together, the “Offerings”).