Finance saving, tax or searching for yield concept, white piggy bank with magnifier glass on pile of Euro banknotes on wooden table, transparency of the European Union government economics idea.

Investors look to health tech companies from Odense

Invest in Odense cases, Health Tech

Health tech companies in Odense have peaked the interests of several investors in recent months– and for good reason: The ecosystem is booming! RSP Systems and Suma Care are two examples of companies that of raised millions from investors. The Odense Investor Summit also drew more than 130 investor participants.  

Recently, 28 companies within robot-, drone- and health tech pitched in front of more than 130 investors at the Odense Investor Summit, which dedicated an entire conference to matchmaking capital seeking companies and interested investors. Read more about the Odense Investor Summit here.

Health tech companies, RSP Systems and Suma Care, from Odense have raised millions from new and recent investors. Millions that will be used for product development and market entries in several European countries – reports MedWatch.

RSP Systems is ready to conquer the European market
For the second time in three months, the diagnostic company RSP Systems has raised millions from both recent and new investors. The second round of financing resulted in €3,85 million in fundraising. Coupled with funds from the first round of financing, RSP Systems has raised €10,35 million in total – with the ambition of raising even more capital.

The newly raised millions come (among others) from the new investor Trumpf Venture – the venture department of the German industry giant Trumpf who is a market leader within industrial lasers and laser systems for production technology.

RSP Systems has developed a method that uses lasers to identify and quantify molecules in order to measure the blood sugar of diabetics. The product is thus a non-invasive equipment, unlike the kind of equipment that is currently being used in measurements, i.e. needles and test strips. Currently, RSP has developed a prototype that has shown promising results in clinical studies made in collaboration with the University of Southern Denmark (SDU).

“We expect to have a commercial product ready in 2020. Our minimum ambition afterwards is to get into four European markets: Denmark, Sweden, Germany and the United Kingdom. However, in order to increase our ambition and get on the market in for example the US, we need to raise considerably more capital. Therefore, we focus on the four European markets for now, but we will work on securing more capital before the end of 2019.”, says the Science Director of RSP Systems, Anders Weber, to MedWatch.

Suma Care develops intelligent diaper
Another health tech company from Odense that has been able to raise funding for their solution, is Suma Care who has developed an “intelligent diaper”. Their product Wear&Care consists of a disposable sensor that can be attached to any kind of diaper. The sensor then registers when the diaper gets wet and alerts the caregivers, which both can improve efficiency and increase comfort and life quality of citizens with moderate to severe incontinence.

Tests have shown that Wear&Care can reduce the consumption of diapers by at least 15%, half the number of inspections with the diaper users and reduce the number of transfers by more than 30%. Now, Suma Care has received “a bigger million funding” from a consortium consisting of the Business Angel, Thomas Ryge, and the new technology cluster, inQvation.

“This investment is a precondition for us to accelerate our marketing and establish us on the Danish, German and Norwegian care sector markets. We look forward to share and learn from Thomas Ryge and inQvation since they have a lot of hands-on experience and a good network that we can benefit from”, says Jörn Hamdorf, CEO of Suma Care, to MedWatch.

Suma Care will also be exhibiting at the Week of Health and INNovation, WHINN 2018, held at Odense Congress Center on the 10th and 11th of October. Read more about the WHINN 2018 conference and exhibition here.

 

Further information:

Investment Manager
Lone Krogsbøll
loak@odense.dk
+45 5177 7344