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<\/a>Atlantic Therapeutics, the Galway-based company pioneering a non-invasive, wearable treatment for urinary incontinence, today announced it has raised significant new investment from the Borski Fund (Netherlands) and the Western Development Commission (Ireland).<\/p>\nThe Borski Fund addresses the venture capital gender \u00a0gap through investments in female-led and femtech companies, and their support for Atlantic Therapeutics is a strong endorsement of the progress made since the appointment of CEO Susan Trent in mid-2020.\u00a0 WDC Investment Fund\u2019s support for Atlantic Therapeutics is the largest investment the group have\u00a0made to date and is complemented by returning investors\u00a0Seroba\u00a0Life Sciences,\u00a0Earlybird, LSP, Andera Partners and\u00a0Atlantic\u00a0Bridge, who continue their ongoing support for the company with a substantial undisclosed investment.<\/p>\n
The financing will support the expansion of the company\u2019s commercialization activities\u00a0in the core US and UK markets for its INNOVO technology to treat urinary incontinence.\u00a0Also known as bladder weakness, urinary incontinence is a stigmatised condition that impacts one in three women worldwide, having a profoundly negative impact on quality and enjoyment of life.<\/p>\n
Atlantic Therapeutics has established the INNOVO brand as the leading innovation in non-invasive, wearable neuromuscular electrical stimulation. The device acts to strengthen the pelvic floor and thereby treat the underlying cause of bladder weakness. Today, the market for disposable products to manage this life-limiting condition, such as pads and liners, is growing significantly worldwide. These non-curative, symptom-masking solutions carry a significant lifetime cost and are environmentally unsustainable. For the 1 in 3 women living with UI, INNOVO will offer a revolutionary solution to bladder leaks, helping them to break free from their daily reliance on pads and diapers.<\/p>\n
Commenting in the investment, Simone Brummelhuis, Partner at the Borski Fund, said:
\n\u201cWhile 51% of the world population are women, most innovations are male centric. Atlantic Therapeutics is not only addressing this underserved market head-on, with the INNOVO product it serves an unmet need of a very large group of women. The combination of respected pan-European investors, the medical and science based sustainable product and the vision and strategy of the team led by Susan delights us at Borski Fund in supporting Atlantic Therapeutics in their growth and international expansion.\u201d<\/em><\/p>\nGillian Buckley, Investment Manager at the Western Development Commission said:
\n\u201cThe WDC Investment Fund has helped support the position\u00a0of\u00a0the West of\u00a0Ireland as a start-up hub for indigenous medtech and lifescience companies\u00a0building on the region\u2019s reputation as a global centre of excellence.\u00a0\u00a0Atlantic\u00a0Therapeutics\u00a0is\u00a0our 35th\u00a0life science investment making the WDC Investment Fund one of the largest medtech \/ lifescience investors in the\u00a0country.\u00a0\u00a0The WDC is an impact investor so we seek not only a financial return on investment but also seek a socio-economic impact.\u00a0\u00a0Atlantic\u00a0Therapeutics\u00a0offers both, it will support high quality jobs\u00a0in Galway and Mayo as well as addressing a significant women\u2019s\u00a0healthcare\u00a0issue.\u201d<\/em><\/p>\nAtlantic Therapeutics CEO, Susan Trent commented:
\n\u201cWe are thrilled to have such strong support from the Borski Fund and the Western Development\u00a0Commission\u00a0and I look forward to working closely with them on realising the incredible potential of our brand. We are a proudly female-led, female-focused company, and we are excited to be bringing the first-in-world INNOVO technology to several key global markets from our base in Galway. We firmly believe that INNOVO\u00a0<\/sup>represents a paradigm shift in the $13bn urinary incontinence market when compared to the current sub-optimal choices. This investment will help us to accelerate global momentum for\u00a0INNOVO and\u00a0allow us to amplify the launch of our next generation innovation later this year.\u201d<\/em><\/p>\nNaar het artikel<\/a><\/p>","protected":false},"excerpt":{"rendered":"8 maart 2021 Het toonaangevende femtech bedrijf INNOVO maakte vandaag bekend twee nieuwe investeerders aan boord te hebben. Een van hen zit in het portfolio van StartGreen Capital, het door ons opgericht Borski Fund gaat in INNOVO investeren.\u00a0 De investering vanuit Borksi zal onder andere gebruikt worden voor marktexpansie van de commerci\u00eble activiteiten van INNOVO […]<\/p>\n","protected":false},"author":10,"featured_media":2291,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14,15,22],"tags":[49,44,25],"class_list":["post-2287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-borski-fonds","category-nieuws","category-pers","tag-borski-fund","tag-femtech","tag-financiering"],"acf":[],"_links":{"self":[{"href":"https:\/\/startgreen.computersaysno.eu\/en\/wp-json\/wp\/v2\/posts\/2287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/startgreen.computersaysno.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startgreen.computersaysno.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startgreen.computersaysno.eu\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/startgreen.computersaysno.eu\/en\/wp-json\/wp\/v2\/comments?post=2287"}],"version-history":[{"count":0,"href":"https:\/\/startgreen.computersaysno.eu\/en\/wp-json\/wp\/v2\/posts\/2287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/startgreen.computersaysno.eu\/en\/wp-json\/wp\/v2\/media\/2291"}],"wp:attachment":[{"href":"https:\/\/startgreen.computersaysno.eu\/en\/wp-json\/wp\/v2\/media?parent=2287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startgreen.computersaysno.eu\/en\/wp-json\/wp\/v2\/categories?post=2287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startgreen.computersaysno.eu\/en\/wp-json\/wp\/v2\/tags?post=2287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}