Earlier, heathtech startups were those that provide enterprise, diagnostic, etc. This scenario has witnessed a drastic change, thanks to the new breed of startups that are mushrooming with the aspiration to solve root causes that lead to mental stress, consumer lifestyle, and early diagnosis of genetic disorders. Also, there are companies that minimise the after-effects of the dreadful chemotherapy process.
In simple words, these healthtech startups bridge the gap between patients and doctors and create an ecosystem that will facilitate faster as well as better healthcare environment.
Talking about the Netherlands, there are numerous ambitious healthtech startups in the country that innovate in the healthcare and medical devices sectors. Among these, here we have cherry-picked those from Eindhoven that have received funding in 2019 as per Dealroom.
Xeltis
Founders: Martijn Cox
Total funding: €90 million
Founded year: 2006
Why its hot: Xeltis is a clinical-stage medical device company that makes heart valves. These valves are said to enable the patient’s own body to naturally restore a new heart valve through a therapeutic approach called Endogenous Tissue Restoration (ETR). In September 2019, Xeltis secured €10.5 million Series D funding from existing institutional and private investors to support its vascular and valve trial programmes.
Onera
Founders: Pieter Ermers, Ruben de Francisco, Soukaina Adnane
Total funding: €8.5 million
Founded year: 2017
Why its hot: Onera is one of the leaders in sleep diagnostic solutions. This Eindhoven-based startup focuses on breakthrough sleep testing solutions with two simple patches instead of sensors that are attached to the scalp, face, chest, and limbs. In April, the company aised $9.3M (approx €8.16M) in Series A funding led by Jazz Pharmaceuticals, imec.xpand, as well as other investors including imec and BOM.
GTX Medical
CEO: Sjaak Deckers
Founded year: 2015
Why its hot: GTX Medical (formerly G-Therapeutics) develops a therapy using a spinal cord implant delivering task-specific electrical stimulation during training. This company aims to accelerate and augment functional recovery of people suffering from spinal cord injury and to improve their quality of life. GTX medical raised around half a million euros from Eurostars SME programme in April 2019.
MedApp
Founders: Edwin Hermkens
Total funding: €1 million
Founded year: 2015
Why its hot: MedApp has developed an online platform, which lets consumers manage their medicine supply, contact their pharmacy, and consult package leaflets. With this platform, medication users will get a grip on medication by providing a solution that actually works. In April 2019, MedApp pocketed €1 million funding in a round led by Health Innovations.
CytoSMART
Founders: Charles Maltha
Total funding: €5.2 million
Founded year: 2012
Why its hot: CytoSMART has developed three highly innovative microscopes that scientists can use to digitally and remotely count, screen, check, and film their cell cultures. CytoSMART’s latest microscope is the Omni, the world’s fastest live-cell imager. In March 2019, this startup received €5.2 million from a new investor, Eindhoven Venture Capital Fund II along with existing investors Holland Capital and BOM Brabant Ventures to fund the growth of their business.
Advantis Medical Imaging
Founders: Zoi Giavri, Paris Ziogkas, Dimitris Rozakis
Total funding: €700k
Founded year: 2016
Why its hot: Advantis Medical Imaging develops web-based medical imaging software applications that enable the display, review and processing of medical images. Advantis provides a highly advanced in-browser software solution, Brainance to analyse and process brain MRI exams. This way, it makes medical imaging more accessible, user-friendly, and data-driven. In March this year, the startup secured a seed investment of €700k from Metavallon VC and business angels.
Usono
Founders: Benjamin Tchang, Jori Verbeek
Total funding: €230k
Founded year: 2016
Why its hot: Usono radically changes the ultrasound application market by improving and innovating the way ultrasound is used. Its device fixates an ultrasound transducer to the body, which allows for better stabilisation on a specific body part. Usono received an undisclosed investment from medical specialists Máxima Medical Centre.
Salvia BioElectronics
Founders: Hubert Martens
Total funding: €3.7 million
Founded year: 2017
Why its hot: Salvia BioElectronics is inspired by biology and electronics to provide innovative therapeutic solutions. This startup provides bioelectronic solutions to those people suffering from neurological disorders to restore their health. In January this year, Salvia BioElectronics raised $2.1 million (nearly €1.9 million) from Thuja Capital.
Main image picture credits: Onera
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