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Loop Medical Closes $6.4 Million Series A Financing

Oct 14, 2021•almost 4 years ago

Amount Raised

$6.4 Million

Round Type

series a

LausanneHealth Care

Description

Loop Medical, a healthcare company reinventing blood collection, today announced it has completed a $6.4 million Series A financing round led by SARSTEDT Group and Casdin Capital. Proceeds of the round will go towards U.S. FDA clearance and ramped-up manufacturing of its painless and easy-to-use blood collection device. The device will be targeted to the home, clinical trial and liquid biopsy testing markets for a combined total addressable market of $5.2 billion.1

Company Information

Company

Loop Medical

Location

Lausanne, Vaud, Switzerland

About

Loop Medical is an ambitious healthcare startup reinventing blood collection. The company has engineered a painless, safe and easy-to-use blood sampling technology to improve the patient experience. Enabling a large volume of high-quality capillary blood collection and fully compatible with high throughput analyzers’ automated process flow, the Loop Medical device brings significant benefits to healthcare professionals and simplifies access to clinical grade laboratory results for anyone, anywhere. The company’s technology is a well-positioned solution for blood collection during a global pandemic driven by infectious diseases. Loop Medical is based in EPFL Innovation Park (Lausanne, Switzerland) and was established in 2016. For more information, visit loop-medical.com. 1 https://www.bccresearch.com/market-research/healthcare/direct-to-consumer-testing-market.html https://www.bccresearch.com/market-research/biotechnology/liquid-biopsy-research-tools-services-diagnostics.html