EarlySight raises CHF 2.3 million to detect and treat retinal diseases
27.05.2021
EarlySight announced the first closing of CHF 2.3 million out of a CHF 3 million seed funding round. The Lausanne-based startup, which was founded in March 2019, uses a novel approach to provide a single cell level imaging of the back of the eye, called the retina: EarlySight combines hardware and software to propose a unique medical device that can observe the cells affected at the early stage of the most prevalent retinal diseases—such as age-related macular degeneration, glaucoma, or diabetic retinopathy—to treat them sooner and more efficiently. The round was led by Verve Ventures. Other investors in the round include Nina Capital, a European early-stage health tech fund, and other private investors who followed a pre-Seed investment. EarlySight was a Venture Kick winner in 2020.
 EarlySight co-founders Timothé Laforest (CEO) and Mathieu Künzi (CTO)
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The funds will allow EarlySight to grow the team, optimize its technology and perform additional clinical validations. Thanks to them, important milestones will be reached to prepare the company for market entry.
Timothé Laforest, CEO and co-founder of EarlySight, announced: “It’s fantastic to have the support of investors as we aim to grow rapidly and bring EarlySight’s technology at the commercialization level. The capital, knowledge, and network they bring to EarlySight enable us to join the new era of precision medicine in ophthalmology.”
“We are delighted to receive strong support from investors who share our vision. They understand that today’s care of retinal diseases is not satisfactory and needs a strong push forward. Their expertise in MedTech companies will accelerate the development of our product so that doctors and patients can benefit from it as soon as possible,” said Mathieu Kunzi, CTO and co-founder of EarlySight.
“The need for deeper understanding and earlier diagnosis of retinal diseases is only going to increase with the current trends of an aging population. EarlySight has the right ingredients to address this need. We are thrilled to back the EarlySight team and look forward to continuing the journey with them and supporting them in achieving our shared vision,” said Sebastian Anastassiou, Nina Capital.
“Preliminary results indicate a large window of action between the early onset of the disease and current diagnosis timing, thus confirming the clinical use case. EarlySight is also very relevant for pharmaceutical development, as the lack of objective clinical endpoints has made the development of early treatment difficult. Overall, EarlySight really has the potential to be the next breakthrough technology in retinal imaging, in the same way that OCT was 20 years ago”, said Susanne Schorsch, Investment Manager at Verve Ventures.
Coming out of the Laboratory of Applied Photonics Devices at EPFL, led by Prof. Christophe Moser, the startup has worked in close collaboration with Jules-Gonin eye hospital and Prof MD Francine Behar-Cohen to obtain the first clinical results on patients. EarlySight was supported by FIT (Fondation pour l’innovation technologique) and Venture Kick and was one of the EIT Health Headstart awardees in 2019.
The Seed round remains open until July for a second closing with an additional CHF 600K investment.
EarlySight co-founders (from left to right): Mathieu Künzi (CTO), Timothé Laforest (CEO), and Prof. Christophe Moser
Source: Press release/Earlysight website
Timothé Laforest, CEO and co-founder of EarlySight, announced: “It’s fantastic to have the support of investors as we aim to grow rapidly and bring EarlySight’s technology at the commercialization level. The capital, knowledge, and network they bring to EarlySight enable us to join the new era of precision medicine in ophthalmology.”
“We are delighted to receive strong support from investors who share our vision. They understand that today’s care of retinal diseases is not satisfactory and needs a strong push forward. Their expertise in MedTech companies will accelerate the development of our product so that doctors and patients can benefit from it as soon as possible,” said Mathieu Kunzi, CTO and co-founder of EarlySight.
“The need for deeper understanding and earlier diagnosis of retinal diseases is only going to increase with the current trends of an aging population. EarlySight has the right ingredients to address this need. We are thrilled to back the EarlySight team and look forward to continuing the journey with them and supporting them in achieving our shared vision,” said Sebastian Anastassiou, Nina Capital.
“Preliminary results indicate a large window of action between the early onset of the disease and current diagnosis timing, thus confirming the clinical use case. EarlySight is also very relevant for pharmaceutical development, as the lack of objective clinical endpoints has made the development of early treatment difficult. Overall, EarlySight really has the potential to be the next breakthrough technology in retinal imaging, in the same way that OCT was 20 years ago”, said Susanne Schorsch, Investment Manager at Verve Ventures.
Coming out of the Laboratory of Applied Photonics Devices at EPFL, led by Prof. Christophe Moser, the startup has worked in close collaboration with Jules-Gonin eye hospital and Prof MD Francine Behar-Cohen to obtain the first clinical results on patients. EarlySight was supported by FIT (Fondation pour l’innovation technologique) and Venture Kick and was one of the EIT Health Headstart awardees in 2019.
The Seed round remains open until July for a second closing with an additional CHF 600K investment.
EarlySight co-founders (from left to right): Mathieu Künzi (CTO), Timothé Laforest (CEO), and Prof. Christophe Moser
Source: Press release/Earlysight website