VC firms back $30m series-B for Ava

The majority of the funding came from existing investors, including Swisscom Ventures, Blue Ocean Ventures, Polytech Ecosystem Ventures and Zurcher Kantonbank (ZKB).

New investors included Swiss VC firm BtoV Partners and SVC, an investment vehicle managed by Credit Suisse.

The fresh capital will be used for further product research and development.

Previous funding
Swisscom and ZKB invested in a $2.6m seed round for Ava in November 2015, and both investors returned to take part in a $9.7m round alongside Blue Ocean Ventures and Polytech Ecosystem Ventures a year later.

Company
Founded in 2014 and headquartered in Zurich and San Francisco, Ava is a medical technology company developing a bracelet that detects a woman's fertility window.

The company is also working on clinical studies with the University Hospital of Zurich to expand its algorithms for use in pregnancy recognition, pregnancy monitoring, and possible use as a non-hormonal contraceptive device.

People
Ava – Pascal Koenig (co-founder).

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• Topics
• Expansion
• DACH
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• Venture