XenoPatch is a MedTech startup founded in 2023 that develops innovative therapy solutions. Its innovative technology combines temperature-accurate heat, cold and vibration therapy in one device for the first time to improve the efficiency of therapeutic treatments, particularly in physiotherapy. The mobile, app-controlled device facilitates the workflow for professionals and patients through flexible and effective therapy sessions. Find out more on their website.
"We are thrilled to have the support of our investors who share our vision to revolutionize thermotherapy treatments through innovative technology."
"This investment will enable us to commercialize our research and development, expand our market presence and thus make a significant contribution to patients and users,"
explain Paul Thouet (CEO) and Felix Goldschmid (CFO) of Xenopatch.
Among others, bmp Ventures, SCE Freiraum Ventures and the Berlin Angel Fund participated in the financing round. With the resulting seven-figure sum, XenoPatch plans to accelerate its approval as a medical device and implement further development plans.
We congratulate Xenopatch on their great achievement and wish them all the best on their start-up journey!
The team was also part of our SCE Incubation Program and recieved the EXIST funding during that time. If you also have a start-up idea, you can find more information here: www.sce.de/incubation
But hurry, applications close on July 21!
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- About bmp ventures/IBG Fonds: bmp Ventures is a Berlin-based technology investor that is one of the most experienced VCs in Germany with 25 years of active investment activity. Its track record includes ten managed VC funds and over 260 investments. Currently, bmp manages the IBG funds, the venture capital funds of the federal state of Saxony-Anhalt. IBG provides equity capital to innovative companies with sustainable and above-average growth potential and headquarters/operating facilities in Saxony-Anhalt.
- About Berlin Angel Fund: As an investment company of the members of the Business Angels Club Berlin-Brandenburg e.V. (BACB), they have the support, network and know-how of well over 120 active business angels coupled with the structure and financial possibilities of a venture capital fund.
- About SCE Freiraum Ventures: SCE Freiraum Ventures is an early-stage VC fund that operates in close cooperation with the Strascheg Center of Entrepreneurship (SCE) and the Munich University of Applied Sciences. Freiraum Ventures invests across all sectors in early-stage start-ups with a focus on university-related start-ups. Due to its proximity to SCE, founders benefit from the knowledge, coaching and the entire infrastructure of the Entrepreneurship Center.
© Original text: Paul Thouet