Lunaphore Technologies closed a Series A financing round of €1.9M (CHF 2 millions). The round was led by Redalpine Venture Partners in Zurich with the participation of private investors from Switzerland and the United Kingdom. Lunaphore’s young team wants to use this cash to develop its first tissue diagnostics platform.
The young Swiss medtech company, a spin-off from the École Polytechnique Fédérale de Lausanne (EPFL), develops disruptive technology for tissue diagnostics. Since its foundation in April 2014, Lunaphore has developed an innovative tissue diagnostics platform, primarily destined for the analysis and classification of tumors. The platform is based on a microfluidic chip technology that allows fine-tuning of such diagnostic assays and increases their speed and accuracy. The technology, which has been developed at EPFL during the last 6 years, is called Microfluidic Tissue Processor (MTP). The MTP increases the speed and accuracy of basic processes required to implement diagnostic assays on tissue samples like solid tumors.
The technology’s first application is going to be focused on searching signatures of certain proteins in tumor tissues,