Startups come in all shapes and sizes. While the limelight is mostly hogged by tech-oriented startups, there are numerous other fields where new companies are making waves. The Medical devices sector is one such area where startups are breaking new ground with innovative ideas, products and services. These innovations by medical devices startups are not only helpful for those who might be suffering from an ailment, but also for the general public. As per DealRoom, here are top 10 medical devices startups that have the potential to transform lives in 2019.
Xeltis (Eindhoven, Netherlands)
Total funding raised: €79.4 million
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). The startup secured €45M in Series C funding, in 2017.
NightBalance (Delft, Netherlands)
Total funding raised: €12.5 million
Tackling the issue of sleep apnea, the startup NightBalance sells a device that is used to treat positional obstructive sleep apnea and positional snoring. The company was established back in 2009 in The Netherlands and was acquired by Philips in May 2018.
Fortimedix (Nuth, Netherlands)
Total funding raised: €11 million
The Nuth based early-growth startup Fortimedix manufactures devices that enable minimally invasive surgical procedure. The company also manufactures key components of its products. It raised €11m in Series A funding back in October 2016.
Onera (Eindhoven, Netherlands)
Total funding raised: €8.5 million
The Eindhoven based startup Onera offers sleep diagnostic solutions and services. It aims to revolutionize sleep diagnostics with the world’s first at-home medical grade sleep diagnostic patch system. To move closer to its goal, it raised €8.1 million in its Series A round of funding this April.
Hy2Care (Enschede, Netherlands)
Total funding raised: €3.8 million
In April this year, the startup Hy2Care raised €3.7 million in its Series A funding. The company develops gelating bioresorbable hydrogels for the arthroscopic treatment of cartilage defects, aiming at functional cartilage repair for treatment of Osteoarthritis, which is said to be the 4th leading cause of mobility associated disability.
Prolira (Utrecht, Netherlands)
Total funding raised: €2.5 million
The Utrecht based startup Prolira offers Prolira DeltaScan. The device is touted to detect and monitor delirium in patients. The medical devices startup launched its operations in 2015 and in May 2018, it received a grant of €2.5 million. In November 2018, the company announced securing new investment round.
Galgo Medical (Eindhoven, Netherlands)
Total funding raised: €1.2 million
Galgo Medical is a Barcelona-based startup that develops medical imaging software. It started from the Department of Information Technologies (DTIC) of the Universitat Pompeu Fabra (Barcelona, Spain). The venture capitalist firm Inveready invested €1m in the company, back in November 2015.
U-Needle (Enschede, Netherlands)
Total funding raised: €260,000
The startup U-Needle creates intradermic needles for injection and infusion, which are claimed to be easy-to-use and patient-friendly. The company challenges the “Mantoux technique” for using a hypodermic needle, which is almost a century old technique. The startup has received a couple of grants from the Eurostars SME programme and the amount secured in the latest one is yet to be disclosed.
Ventinova Medical (Eindhoven, Netherlands)
Total funding raised: €640,000
Ventinova Medical was founded in 2013 and the company develops and markets products for airway management and patient ventilation. The philosophy behind all of the company’s products is active expiration or expiration by suction. The startup received a grant of €640,000 back in August 2015 from Horizon 2020 FTI (Fast Track to Innovation).
Nemo Healthcare (Eindhoven, Netherlands)
Total funding raised: €50,000
The startup Nemo Healthcare was founded in 2010 as the result of joint research between Máxima Medical Center Veldhoven and Eindhoven University of Technology. It focuses on the improvement of fetal monitoring using electrophysiological signals, which are non-invasively recorded on the maternal abdomen. The company’s Nemo Fetal Monitoring System wearable device was announced back in 2018, which is said to accurately monitor fetal and maternal heart rate and uterine activity. The startup received a €50,000 grant from Horizon 2020 SME instrument.
Stay tuned to Silicon Canals for more updates in the tech startup world.