Xaga Surgical raised €697K in a funding round led by Almi Invest to enhance cancer diagnostics and improve patient safety through advanced medical needles.

Jan 30, 2025•6 months ago

Amount Raised

€697,000

Round Type

seed

HelsingborgHealth DiagnosticsMedical DeviceMedicalBiotechnologyHealth Care

Investors

Private InvestorsSmi Le Inject CapitalAlmi Invest

Description

Xaga Surgical, a medtech startup based in Helsingborg, has secured €697K in funding to support commercialization efforts and secure FDA approval. The funds will help the company enter the U.S. market with its innovative biopsy needles designed to reduce bacterial transfer during procedures.

Company Information

Company

Xaga Surgical

Location

Helsingborg, Skåne län, Sweden

About

Xaga Surgical is a Helsingborg-based medtech startup founded in 2016 by urologist Andreas Forsvall. The company focuses on developing advanced medical needles that significantly reduce bacterial transfer during biopsies, thereby lowering infection risks and enhancing cancer diagnostics. Its patented technology aims to improve patient safety and diagnostic accuracy. Xaga Surgical participates in SmiLe's incubator program and is working towards regulatory approvals and broader market adoption.

Funding Insights

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Xaga Surgical raised €697K in a funding round led by Almi Invest to enhance cancer diagnostics and improve patient safety through advanced medical needles.

Investors

Description

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