Tech Company Financing Transactions
Nanoflex Robotics Funding Round
Nanoflex Robotics, based in Zurich, secured $12 million in investment from Ascend Capital Partners, Kinled Holding and Mountain Labs.
Transaction Overview
Company Name
Announced On
2/10/2023
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to bring its first-generation system to market and to accelerate development of new neuro-interventional products. The funding will drive first-in-human and regulatory clearance of its robotic platform to precisely steer wires and catheters through vasculature using electromagnetic fields. A first-in-human trial and FDA submission is planned for Q3 2023.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
Wyss Zurich, Weinbergstrasse 35
Zurich, 8092
CH
Zurich, 8092
CH
Phone
Undisclosed
Website
Email Address
Overview
Nanoflex Robotics is a spin out from ETHZ developing endoluminal soft robotic systems that can be remotely manipulated within the body. We're focused on Interventional Neuro Radiology procedures for the access to and treatment of Ischemic and Hemorrhagic stroke.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Matt Curran
Chief Technical Officer
Christophe Chautems
Co-Founder
Bradley Nelson
Browse more venture capital transactions:
Prev: 2/10/2023: Arrcus venture capital transaction
Next: 2/11/2023: VRRB venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs