Zurich, Switzerland-based magnetically controlled medical soft robotics company Nanoflex Robotics raised USD 12 million in initial funding. The company announced the fundraise on February 9, 2023. Ascend Capital Partners led the financing for the company. Meanwhile, European-based family offices, such as Kinled Holding Ltd and Mountain Labs AG, provided the investment.
As a part of the deal, Jerry Hong, CEO of Ascend Capital Partners, intends to serve on the company’s board of directors.
Purpose of funding for Nanoflex Robotics
With the latest capital injection, the company intends to launch its first-generation system to market. It also has plans to accelerate the development of new neuro-interventional products. Meanwhile, it seeks to drive first-in-human, and regulatory clearance of its robotic platform to precisely steer wires and catheters through vasculature using electromagnetic fields.
What the company’s official has to say
Matt Curran, CEO of Nanoflex Robotics AG, said, “Nanoflex Robotics aims to revolutionize the catheter-based treatment of neurovascular and vascular disease. It seeks to enable faster and safer access to target sites in the vasculature. Our robotic system allows precise and flexible steering of magnetically-adapted guide wires and catheters. Meanwhile, potentially decreasing X-ray exposure for the physician. We are excited to partner with Ascend Capital Partners, Kinled and Mountain Labs to make our goal of safe remote treatment for acute ischemic stroke a reality. “
What the investors have to add
Jerry Hong, CEO of Ascend Capital Partners, further said, “We are excited to support this exceptional team in reinventing the surgical robotic space with remote vascular interventions. We especially recognize its potential to achieve more equitable patient access to timely mechanical thrombectomies, which are very effective for preserving the post-stroke quality of life for patients.”
About the company
Prof. Bradley Nelson, Dr Christophe Chautems and Matt Curran launched the company in 2021. The Swiss Startup is a pioneer in magnetically controlled medical soft robotics. The company’s proprietary robotic platform to navigate magnetic devices in complex vascular anatomy leveraging precise electromagnetic fields. Its portfolio of products intends to diagnose and treat vascular disease, including acute ischemic stroke, in a timely and safe manner. Nanoflex Robotics’ first product is a compact and mobile electromagnetic field generator that can easily be moved between hospital interventional suites. Besides, it requires no additional infrastructure beyond a high-voltage electrical point and access to a water-based cooling system.
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