# Hera Biotech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hera-biotech

- Industry: Biotechnology
- Headquarters: San Antonio, US
- Website: www.herabiotech.com
- Total disclosed funding: $1.9M
- Latest round: Seed (Aug 24, 2022)
- Investors on record: 4

## About

Based in Texas, US, and founded in 2020, Hera Biotech, Inc., is a medical device start-up company providing a biotechnology platform to address unmet needs in the field of women’s health and reproductive medicine. The firm raised seed funding of USD 1.9 million in August 2022, co-led by returning investors Althea Group Ventures, Coyote Ventures, Kendra Scott Women’s Entrepreneurial Leadership Institute, and new investor Stella Angels. The company was co-founded by Somer Baburek (CEO), Paul Castella (Board Chairman), Bruce Nicholson (CSO), and Nameer Kirma (Chair scientific advisory).

Hera Biotech is developing and working on the commercialization of MetriDx™, a non-surgical method for the definitive early diagnosis and staging of endometriosis. Endometriosis is a painful condition in which tissue similar to the tissue that normally lines the uterus (endometrium) grows outside the uterus and can only be diagnosed by surgical (laparoscopic) biopsy followed by histological confirmation. With the MetriDX, a patient's endometrial sample is collected during an office procedure, similar to a pap smear but is done in the uterus, eliminating the need for surgery and using microfluidic single-cell analysis of unique biomarkers, for endometriosis diagnosis.

Hera Biotech intends to use the August 2022 funding to complete in-patient clinical trials, expand its IP portfolio, and support a regulatory path in the US FDA approval.

## Funding rounds

- Seed, Aug 24, 2022, $1.9M — Coyote Ventures, Althea Group Ventures, Kendra Scott Women’s Entrepreneurial Leadership Institute, Stella Foundation

## Investors

- Coyote Ventures (https://capitalatlas.ai/funds/coyote-ventures) — Seed
- Althea Group Ventures (https://capitalatlas.ai/funds/althea-group-ventures) — Seed
- Kendra Scott Women’s Entrepreneurial Leadership Institute — Seed
- Stella Foundation — Seed