Advertisement

Picture Consultech GmbH Secure Funding with RnD Grants v7 650x100px
Document › Details

Vitestro. (3/21/23). "Press Release: Vitestro Raises EUR 12 Million in Series A Financing Round to Bring the World's First Autonomous Blood Drawing Device to the European Market". Utrecht.

Organisations Organisation Vitestro (NL)
  Organisation 2 Sonder Capital (US)
Products Product blood drawing device
  Product 2 venture capital
Index term Index term Vitestro–SEVERAL: investment, 202303 financing round Series A €12m led by Sonder Capital
Person Person Overbeeke, Toon (Vitestro 202303 CEO + Co-Founder)
     


Vitestro, developer of an autonomous blood drawing device, announces the completion of a EUR 12 million Series A financing round. California-based Sonder Capital led the funding round alongside existing investors and new private investors with experience in the clinical laboratory and MedTech industry.

The proceeds will be used to accelerate product development, prepare EU market authorization, and initiate production. Toon Overbeeke, CEO and co-founder of Vitestro says: “This financing round marks a new phase of growth for Vitestro which brings the company closer to its mission of improving the venipuncture procedure for hundreds of millions of patients per year. We look forward to growing the business and transforming patient care with Sonder Capital, leveraging their expertise in successfully commercializing medical robotic technologies.”

Dr. Fred Moll, Managing Partner of Sonder Capital, has been appointed as non-executive board member of Vitestro. Dr. Moll has been called ‘the father of medical robotics’ after successfully co-founding Intuitive Surgical, Inc. (NASDAQ:ISRG), Hansen Medical (NASDAQ:HNSN), Restoration Robotics (NASDAQ:HAIR), and Auris Health (acquired by J&J).
“Medical robotics will make optimal outcomes available to everyone. I strongly believe Vitestro will set the world standard in autonomous blood drawing,” comments dr. Moll.

Blood drawing is performed billions of times per year worldwide. It holds a pivotal role in clinical diagnostics yet is impacted by shortage of skilled healthcare workers. ”Automating this ubiquitous procedure is the next evolution for clinical laboratories, allowing them to improve quality of care for patients while building a more sustainable operation," says Andy McGibbon, Managing Partner of Sonder Capital.

Vitestro’s device combines AI-based, ultrasound-guided 3D reconstruction with robotic needle insertion, ensuring accurate and secure blood collection. A prototype has been tested on more than 1,000 patients. Clinical studies will continue in 2023, with European market introduction anticipated in 2024.

Brian Joseph, co-founder and commercial director of Vitestro, says: “Sonder Capital has a track record of creating lasting value for patients and hospitals. Vitestro’s long-term commitment to its customers will be supported by this partnership.”


- E N D S -


About Vitestro

In 2017 Vitestro’s founders rose to the challenge to create a better blood drawing experience. Today Vitestro is well underway to achieve its goal with a committed team of around 50 highly skilled people with a track record in medical robotics, imaging software, AI, QA/RA and business development. Vitestro is based in Utrecht, The Netherlands.


About Sonder Capital

Sonder Capital, based in Silicon Valley, invests time, capital and expertise in early stage medical technology companies. The Sonder Capital team includes veterans of the medical technology field, with decades of experience as founders, operators and investors.

Sonder Capital takes a craftsman-like approach to helping innovators positively impact healthcare systems worldwide. Collectively, they are responsible for creating many notable public and private companies that have positively impacted millions of patients globally.


Please contact for more information:
Vitestro, Utrecht, The Netherlands
Toon Overbeeke, CEO and co-founder
T: +31 30 200 4551
E: publicrelations@vitestro.com

LifeSpring Life Sciences Communication
Leon Melens
T: +31 6 538 16 427
E: lmelens@lifespring.nl

   
Record changed: 2024-01-20

Advertisement

Picture EBD Group BIO-Europe 2024 Stockholm BEU24 650x200px

To subscribe to our free, monthly newsletter for the European life sciences, please send an e-mail to info@iito.de and simply fill the subject line with the word »LSE Newsletter«

Find more infos about advertising at [iito] web portals in our media flyer [iito] in a Nutshell [PDF file]

Advertisement

Picture Consultech GmbH Secure Funding with RnD Grants 650x300px




» top