LSP leads €10.5m series-D for Xeltis

LSP, which led the round, is currently investing from its Life Sciences Partners VI fund, which closed on €410m in November 2018.

The fresh capital will finance the company's vascular and valve trial programmes.

The company's technology is currently in clinical trials in the EU, Asia and in the US, with 28 patients receiving Xeltis devices to date.

Previous funding
In 2012, Xeltis merged with Qtis/E.

LSP and Kurma led a €27m series-A for Xeltis in December 2014. VI Partners was already a shareholder at this stage and also took part in the financing.

All three investors also backed the company's €3m series-B in December 2015.

Ysios joined a consortium of investors to provide a €45m series-C funding round for the company in 2017. The round was led by an anonymous strategic investor and also included contributions from LSP, Kurma Partners and VI Partners.

Company
Xeltis is a clinical-stage medical device company that has built a polymer-based technology designed to enable natural restoration of cardiovascular function. Founded in 2006 as a University of Zurich spinout, the company is headquartered in Zurich and employs around 40 people, according to LinkedIn.

People
Life Sciences Partners – Clemens van Blitterswijk (partner).
Xeltis – Eliane Schutte (CEO).

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• Topics
• Early-stage
• DACH
• Healthcare
• healthcare
• Switzerland
• Life Science Partners
• Venture