Hy2Care BV, an innovative startup company that developed a groundbreaking hydrogel technology for cartilage repair, has raised €3.7 million in funding. The series A round was led by Brightlands Venture Partners and assisted by several co-investors and the Dutch Arthritis Society (ReumaNederland, previously Reumafonds). With the funding, the spin-off of the University of Twente will further commercialize the technology for veterinary use as well as initiate human trials.
Founded in 2014, Hy2Care focuses on the development and commercialisation of a new hydrogel device that has shown impressive results in repairing cartilage defects. Previously typified as an ‘injectable plaster’, the hydrogel technology enables a fast repair of acute cartilage defects that often occur as a result of falls, accidents and sports injuries. The procedure promises a great improvement in near-term functionality and pain relief compared to current methods like arthroscopic debridement and microfracturing. Moreover, the hydrogel can be used during the initial arthroscopic viewing procedure, thereby diminishing the need for secondary surgery and revalidation.