Spotlight Medical Secures €6.2M in Seed Funding to Enhance Cancer Treatment Strategies with AI-Powered Prognosis Tests
July 12 2024 - 2:41AM
Business Wire
Spotlight Medical, a pioneering startup developing AI-driven
prognosis tests to assist physicians in selecting the most
effective treatment for cancer patients, today announced that it
has raised €6.2 million in a seed funding round. The investment was
led by Kurma Partners and Heal Capital.
This funding will enable Spotlight Medical to bring its first
prognosis test to the clinic, marking a significant milestone in
the commercialization of AI-based solutions for cancer treatment.
By leveraging decades of patient treatment data, Spotlight Medical
aims to ensure that no patient is over or undertreated, ultimately
improving cancer outcomes.
Kurma Partners and Heal Capital recognize the transformative
potential of Spotlight Medical’s technology. “We were impressed by
the quality of the team and by their unique technology, quite
different from what we usually see in the field of precision
oncology,” said Benjamin Belot from Kurma Partners. Christian
Lautner from Heal Capital added, “We are convinced the Spotlight
Medical team is perfectly positioned to bring an AI-empowered
precision oncology platform to clinical practice and thereby have a
lasting impact on patients’ lives.”
“We are thrilled to have the support of Kurma Partners and Heal
Capital as we take this critical step towards transforming cancer
treatment,” said Sylvain Berlemont, CEO of Spotlight Medical. “This
investment will accelerate our mission to harness the power of AI
in analyzing patient data, providing physicians with the insights
they need to make more informed treatment decisions.”
Founded in 2024 and backed by world-renowned cancer centers
Institut Curie and Gustave Roussy, Spotlight Medical is dedicated
to developing clinical tests that exploit the vast amount of
information contained in patient data. By using advanced AI
algorithms, the company aims to provide the first concrete AI-based
solution for cancer patients, significantly enhancing the precision
of cancer treatment.
About Spotlight Medical
Spotlight Medical is a precision medicine company striving to
free all patients from cancer through a better understanding of
each patient’s unique disease. We develop advanced AI tests that
enhance treatment selection by leveraging decades of patient data.
This ensures personalized and effective care for each individual,
significantly improving patient outcomes and quality of life. By
closely collaborating with physicians, we create impactful tests
that address critical unmet clinical needs, opening a new era in
cancer care.
For more information, visit spotlightmedical.com and follow us
on LinkedIn and Twitter.
About Kurma Partners
Founded in July 2009 and based in Paris and Munich, Kurma
Partners is a key European Venture Capital firm financing
innovation in Healthcare and Biotechnology, from pre-seed to growth
capital. Kurma invests through its funds Kurma Biofund I, II and
III, Kurma Diagnostics and Kurma Diagnostics 2, and the most recent
Kurma Growth Opportunities Fund. Kurma collaborates through
extensive networks of prestigious research and academic institutes,
premier cluster organizations and hospitals.
Kurma Partners is part of the Eurazeo Group.
For more information, visit www.kurmapartners.com
(www.eurazeo.com/en)
About Heal Capital
Heal Capital is a European venture capital firm investing in
technology-enabled healthcare leaders at early until growth stage.
The 100m Euros fund was initiated and financed by leading private
healthcare insurers to actively drive innovation in healthcare.
Learn more: https://www.healcapital.com/ • @heal_capital •
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version on businesswire.com: https://www.businesswire.com/news/home/20240712602584/en/
Press:
Spotlight Medical - Bruno Arabian • +33 06 87 88
47 26 • barabian@ulysse-communication.com Heal Capital –
Cecilia von Oldershausen • cecilia.oldershausen@healcapital.com
Kurma Partners - Benjamin Belot •
benjamin.belot@kurmapartners.com