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Loop Medical

loop-medical.com

Founded Year

2016

Stage

Series A | Alive

Total Raised

$8.76M

Last Raised

$6.4M | 1 yr ago

About Loop Medical

Loop Medical is a remote blood monitoring platform for the prevention of heart diseases. Its product, Sceptre cloud, links to the user's doctor, empowering him/her to remotely monitor and improve the user's care through optimization of their treatment. Sceptre provides the user with online training and a step-by-step testing guide.

Headquarters Location

EPFL Innovation Park Building C

Lausanne, 1015,

Switzerland

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ESPs containing Loop Medical

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Life Sciences / Medical Devices Tech

Diabetic patients need to monitor their blood glucose levels continuously throughout the day. While this has traditionally been performed via finger stick checks, new technology is being developed to automate this process and make it less invasive.

Loop Medical named as Outperformer among 13 other companies, including Verily Life Sciences, Dr.Diary, and BeatO.

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Expert Collections containing Loop Medical

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Loop Medical is included in 5 Expert Collections, including Health Monitoring & Diagnostics.

H

Health Monitoring & Diagnostics

4,122 items

Companies developing or offering products that aid in the assessment, screening, diagnosis, or monitoring of a person's state of health/wellness. Excludes companies focused solely on fitness/sports performance

D

Diabetes

2,050 items

D

Digital Health

13,659 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

T

Telehealth

2,856 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

H

Health IT

980 items

Loop Medical Patents

Loop Medical has filed 2 patents.

The 3 most popular patent topics include:

  • Blood tests
  • Fluid dynamics
  • Sample return missions
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/14/2019

Fluid dynamics, Blood tests, Sample return missions, Fluid mechanics, Hematology

Application

Application Date

5/14/2019

Grant Date

Title

Related Topics

Fluid dynamics, Blood tests, Sample return missions, Fluid mechanics, Hematology

Status

Application

Latest Loop Medical News

Loop Medical Closes $6.4 Million Series A Financing

Jan 26, 2022

Loop Medical Closes $6.4 Million Series A Financing Money will be used to pursue FDA clearance of the company's blood collection device. Loop Medical01.26.22 Loop Medical  is $6.4 million richer these days. The company has completed a Series A financing round led by  SARSTEDT Group  and  Casdin Capital . Loop Medical plans to use the funds to pursue U.S. Food and Drug Administration clearance and manufacture its blood collection device for the home, clinical trial, and liquid biopsy testing markets (estimated to be worth about $5.2 billion).1 Loop Medical has raised more than $10 million in investment and grants, including $3.6 million from the Bill & Melinda Gates Foundation. In connection with the financing, Rainer Schuster, board member sales/marketing/R&D, SARSTEDT Group, and Shaun Rodriguez, director of life science research, Casdin Capital, will join the Loop Medical board of directors. “Loop Medical’s modernized technology has the potential to establish a new standard in blood collection, providing a painless and convenient sampling method that can be performed by individuals themselves. As one of the leading suppliers of innovative and patient-oriented blood collection systems and preanalytical solutions, SARSTEDT believes Loop Medical’s new device is ideal for opening up a new segment for home- and self-collection of blood.” said Schuster. “We are convinced that innovative methods and products are the drivers for changing established procedures, and Loop Medical’s product will be one of those drivers. We are proud to be part of this exciting journey.” Loop Medical is developing a minimally invasive device that allows for the collection of quality blood samples large enough to be fully compatible with common high-throughput blood analyzers while providing an easy, pain-free patient experience, improving safety and lowering costs. The device can be safely administered by a clinician or patient with just the push of a button. Positioned comfortably on the upper arm for a few minutes, the ergonomic device combines patented skin vasodilation and micro-incision technology to enhance capillary blood flow while ensuring low hemolysis (red blood cell destruction) levels. Its controlled extraction ensures low shear stress on red blood cells, and therefore, sample quality. “This investment further validates our technology and the significant market opportunity we have ahead of us,” said Arthur Queval, founder and CEO of Loop Medical. “We thank SARSTEDT Group and Casdin Capital for sharing the belief in our potential and look forward to bringing our technology to U.S. healthcare providers, labs and patients.”   “While the consumerization of healthcare continues to accelerate, convenient at home sample collection remains a critical bottleneck to widespread adoption of virtual care. As Loop Medical scales its simple, safe and low-cost blood collection device, the company is poised to become a key enabler for the virtual care industry with significant growth across multiple end markets,” Rodriguez said. Loop Medical is a healthcare startup that has engineered a painless, safe and easy-to-use blood sampling technology to improve the patient experience. Enabling a large volume of high-quality capillary blood collection and fully compatible with high throughput analyzers’ automated process flow, the Loop Medical device brings significant benefits to healthcare professionals and simplifies access to clinical grade laboratory results. Loop Medical is based in EPFL Innovation Park (Lausanne, Switzerland) and was established in 2016. Reference  Sam Brusco, Associate Editor 01.26.22 Sam Brusco, Associate Editor 01.26.22 Insulet Corporation 01.26.22 Globe Newswire 01.26.22 RSIP Vision 01.25.22 Globe Newswire 01.25.22 Sam Brusco, Associate Editor 01.25.22 Sam Brusco, Associate Editor 01.25.22 GlobalData 01.25.22 Veranex 01.25.22 BioCardia Inc. 01.25.22 Sam Brusco, Associate Editor 01.25.22 GlobalData 01.24.22 physIQ 01.24.22 MPO Staff 01.24.22

Loop Medical Frequently Asked Questions (FAQ)

  • When was Loop Medical founded?

    Loop Medical was founded in 2016.

  • Where is Loop Medical's headquarters?

    Loop Medical's headquarters is located at EPFL Innovation Park, Lausanne.

  • What is Loop Medical's latest funding round?

    Loop Medical's latest funding round is Series A.

  • How much did Loop Medical raise?

    Loop Medical raised a total of $8.76M.

  • Who are the investors of Loop Medical?

    Investors of Loop Medical include Casdin Capital, Sarstedt, IMD Startup Competition, Bill & Melinda Gates Foundation, Horizon 2020 and 3 more.

  • Who are Loop Medical's competitors?

    Competitors of Loop Medical include Amalgam Rx, RETINA-AI Health, 52 North Health, BeatO, Alertgy, EndoCell, Scripx, LetsGetChecked, January, Lifepack and 67 more.

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Pops Diabetes Care creates and develops glucose monitoring and other diabetes devices. It offers a comprehensive digital health platform designed to encourage testing frequency, thereby lowering the A1C count. It provides an integrated virtual care system that helps people with diabetes own their lives with diabetes management alternatives to support measuring and monitoring of blood sugar. The company was founded in 2013 and is based in Stillwater, Minnesota.

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BeatO develops diabetes care and management application to manage and prevent health. It offers health monitoring, health insights, daily coaching from experts, health plans, nutrition support, lab tests, and pharmacy. The company offers smartphone glucometers and connected monitoring devices that help users monitor and get guidance for blood sugar, blood pressure, and other health vitals. BeatO was founded in 2015 and is based in New Delhi, India.

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Glooko

Glooko's universal diabetes software products provide insights to improve outcomes for people with diabetes and their care teams. Glooko's systems synchronize data from more than 190 diabetes devices and activity trackers, and they deliver integrated, timely and useful patient data, including glucose levels, blood pressure, weight, and food, insulin and medication intake.

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