StartUp Health Insights: LS CancerDiag’s €5.4M

StartUp Health Insights: LS CancerDiag’s €5.4M Share Issue Fully Subscribed in 5 Days | Week of Mar 14, 2023

LS CancerDiag’s novel DiagMMR technology can diagnose Lynch syndrome — the world’s most common hereditary cancer syndrome — much more effectively than before, which leads to preventing cancer, reducing healthcare costs, and saving lives.

This week’s reported health innovation funding included €5.4M ($5.8M) for StartUp Health portfolio company LS CancerDiag. To support the Helsinki, Finland-based cancer diagnostic company’s expansion, particularly in the US, they organized a share issue through the growth financing company Springvest. The offering was fully subscribed just five days after the start of the round. <source>

Other funding rounds reported this week included:

QurAlis, a Cambridge, MA-based clinical-stage biotechnology company, raised $88M from EQT Life Sciences, LSP Dementia Fund, Sanofi Ventures, Droia Ventures, ALS Investment Fund, LS Polaris Innovation Fund, Mission BioCapital, INKEF Capital, Dementia Discovery Fund, Amgen Ventures, MP Healthcare Venture Management, Mitsui Global Investment, Dolby Family Ventures, Mission Bay Capital, and Sanford Biosciences. <source>

HelloSelf, a London, UK-based digital therapy platform, raised €18.6M ($20M) led by Octopus Ventures, with participation from Omers, Mantaray, and Oxford Capital. <source>

Sunrise, a Namur, Belgium-based in-home sleep testing startup, raised €17M ($18.2M) led by Kurma Partners, with participation from VIVES IUF, Namur Invest Sambrinvest, IMBC, InvestBW, Sofinex, and European Innovation Council. <source>

Iktos, a Paris, France-based company specializing in AI for new drug discovery, raised €15.5M ($16.4M) led by M Ventures and Debiopharm Innovation Fund, with participation from Omnes Capital. <source>

SiYi Intelligence, a Shanghai, China-based rehabilitation solution provider, raised $15M led by Chengdu Bio-town Equity Investment Fund, with participation from Tao Capital. <source>

Shennon Biotechnologies, a San Francisco, CA-based developer of a platform to create more effective immunotherapies, raised $13M led by DCVC, with participation from Foundation Capital, AV8, and angel investors. <source>

Fount, a Los Angeles, CA-based elite wellness coaching startup, raised $12M led by Amity Ventures, with participation from Elysian Park Ventures, Not Boring Capital, Allen and Co., Champion Hill Ventures, and several angel investors. <source>

Aiberry, a Seattle, WA-based AI-powered mental health screening company, raised $8M led by Confluence Capital Group, with participation from Ascension AI. <source>

Iron Health, a New York, NY-based platform that allows OB/GYNs to connect their patients with primary and other specialty care, raised $4.5M from the March of Dimes’ Innovation Fund and others. <source>

Medigo, a Ho Chi Minh City, Vietnam-based telehealth ecosystem providing remote doctor consultations, medicine deliveries, and home testing services, raised $2M led by East Ventures, with participation from Pavilion Capital and Touchstone Partners. <source>

SimConverse, a Sydney, Australian-based healthcare communications training platform, raised A$1.5M (~$1M) led by Folklore Ventures, with participation from Artesian. <source>

Data is from StartUp Health Insights, the most comprehensive funding database for health innovation. Get all our free quarterly reports and sign up for StartUp Health Insider™ to get funding insights, news, and special updates delivered to your inbox.

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StartUp Health Insights: LS CancerDiag’s €5.4M was originally published in StartUp Health on Medium, where people are continuing the conversation by highlighting and responding to this story.

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