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MedLumics, Spanish medical device company closes €34M round


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BY : Diego GutiérrezMarch Wed, 2017
This financing round is the largest financing round in the history of medical technology in Spain and is one of the largest rounds in Europe in the last year. Investors that have backed the company include Ysios Capital and Caixa Capital Risk.
About MedLumics

Founded in 2009, MedLumics is a company that produces camera-based cardiac devices that provide a real-time view of the heart's condition. Its Argia® technology platform, based on integrated optics, combines electrical and optical components on a small silicon chip. These products enable physicians to improve diagnostic and therapeutic procedures through optical tissue assessment.

"The Madrid-based company has already received a €3.5M round in 2011, which involved Caixa capital Risk e Ysios Capital"comments Diego Gutiérrez, corporate finance expert at Abra- invest

About the investment round

This investment round will bring its main product to the market. AblaView is the company's main product and is aimed at the treatment of atrial fibrillation, in the field of arrhythmias. AblaView represents a qualitative leap in the treatment of this disease, as for the first time doctors will have a device that will allow them to see the effect of their therapies in real time and directly.

The round was led by Edmond de Rothschild Investment Partners (EdRIP), and the new investors also include Seroba Life Sciences and Innogest Capital as well as Ysios Capital Partners and Caixa Capital Risc. As a result of the capital increase, Olivier Litzka representing EdRIP, Claudio Rumazza for Innogest and James Greene for Seroba have joined the board together with the founder, Eduardo Margallo and the representative of Ysios Capital, Josep Lluís Sanfeliu.

"The entry of European investors is a great opportunity for Medlumcis, which gains perspective and ease of entry into new markets. In addition, some of the investors, such as Seroba Life Science, have great experience in bringing medical technology to the market," says Diego Gutierrez.

Photonics technology devices market

 MedLumics, Spanish medical device company closes €34M round

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