
Wellington Partners leads series-C for Sensimed
Wellington Partners, Agate Medical Investments and Vinci Capital/Renaissance PME have invested CHF 17m in Swiss medical supplies business Sensimed.
The company's current shareholders, the Sandoz Family Foundation, ELM Development and a number of entrepreneurs, also participated in the round.
The company will use the funds to finalise the approval of its Sensimed Triggerfish product in the US and China, and to commercialise the product globally. The business will also conduct post-marketing application trials while funding ongoing operations.
Company
Sensimed is a Lausanne-based company that focuses on the design, development, and commercialisation of integrated micro-systems for medical devices. The company spun out of the Swiss Federal Institute of Technology (EPFL) in 2003.
Sensimed Triggerfish is a non-invasive soft contact lens-based solution that seeks to manage glaucomatous disease and offer personalised treatment. The product provides 24-hour intraocular pressure (IOP) profiles that are documented on a patient registry and analysed using learning algorithms.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater