Azalea Vision, a Ghent, Belgium-based ocular well being firm, closed €15M Sequence A funding spherical, elevating a €9M extension.
Backers SPRIM World Investments and Afrimobility.
The corporate intends to make use of the funds to assist the execution of its First-in-human (FIH) pilot scientific trial, a key milestone in establishing the protection and efficiency of its medically clever ocular expertise platform.
Led by CEO Enrique Vega, Azalea Imaginative and prescient is an ocular well being firm constructing an answer for advanced imaginative and prescient circumstances, distant diagnostics, and focused ocular therapies. It develops a medical-grade sensible lens platform designed to sense, adapt, and work together in actual time.
The corporate, which was based in 2021 as a spin-off from imec and Ghent College, additionally introduced the appointment of Robert J. Dempsey as Chairman of the Board to information strategic progress within the European and U.S. markets.
Commenting on the information, Enrique Vega mentioned: “Extra funding on this spherical from SPRIM World Investments and Afrimobility, together with a strategic investor who stays undisclosed, additional emphasizes the arrogance in our platform. The appointment of Robert J. Dempsey, a extremely regarded chief within the ophthalmic area, brings deep area experience and powerful business relationships to information our management group as we transfer ahead into our subsequent stage of progress.”
FinSMEs
29/04/2025
