
Occident leads CHF 5.1m series-A for Hemotune
Occident has led a CHF 5.1m round for therapeutic blood purification technology developer Hemotune, with participation from South Korea-based Greencross Medical Science Corp (GCMS) and the Zürcher Kantonalbank.
Hemotune plans to use the fresh capital to fund the pre-clinical development of HemoSystem. The participation of GCMS also aims to support the firm's expansion to Asia.
Occident generally writes equity tickets from €500,000 for life sciences investments and from €250,000 for digital startups in Germany and Switzerland. Its recent investments include biotechnology company Tubulis.
Previous funding
In July 2020, EIT Health invested €500,000 in Hemotune. The company has previously received grants from the EU Executive Agency for SMEs, and InnoSuisse.
Company
Hemotune has developed a therapeutic blood purification method known as HemoSystem, which it claims delivers higher precision and efficiency than existing technologies. The technology uses nanoengineered beads, mixing these with blood in a machine similar to a dialysis machine. Hemotune was founded in 2017 as a spin-out from ETH Zurich.
People
Occident – Cédric Barra (manager, life sciences).
Zürcher Kantonalbank – Daniel Schoch (head of startup finance).
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