Synex Medical

BiotechnologySeries AToronto, Canadasynexmedical.com

Latest round

Series A

Last raised

Sep 2024

Total raised

$27M

Investors

6

About Synex Medical

Founded in 2017 and headquartered in Toronto, Canada, Synex Medical focuses on innovating health monitoring solutions.Synex Medical develops non-invasive health monitoring technology that utilizes advanced magnetic resonance spectroscopy techniques. This innovative approach allows for real-time measurement of metabolic data, particularly targeting blood metabolites like glucose and lactate, eliminating the need for traditional needle pricks.The revenue model of Synex Medical is primarily based on direct-to-consumer transactions, supplemented by partnerships with healthcare institutions. The company anticipates introducing subscription-based services for continuous health monitoring, enhancing its revenue generation.8 mn, Synex Medical plans to expedite the productization and clinical validation of its non-invasive glucose monitoring technology, with intentions to expand its capabilities to measure more metabolic data. The company aims to launch new products while targeting expansions into international markets, further increasing its reach within the healthcare sector. These efforts are set to enhance Synex's positioning in the health monitoring landscape as they refine their offerings and establish collaborations.

Who invested in Synex Medical

6 investors across 3 rounds

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Funding rounds

  1. Series A

    Sep 22, 2024

    Amount

    $22M

    Investors

    Locked

  2. Seed

    Oct 29, 2020

    Amount

    $5.2M

    Investors

    Locked

  3. Seed

    Jan 1, 2019

    Amount

    Undisclosed

    Investors

    Locked

Questions about Synex Medical

Who invested in Synex Medical?

Synex Medical has 6 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Synex Medical raised?

Synex Medical has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did Synex Medical last raise money?

Synex Medical's most recent round on record is a Series A, in Sep 2024.

What does Synex Medical do?

Founded in 2017 and headquartered in Toronto, Canada, Synex Medical focuses on innovating health monitoring solutions.

Where is Synex Medical headquartered?

Synex Medical is headquartered in Toronto, Canada.

Which VCs invest in companies like Synex Medical?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back biotechnology companies at Synex Medical's stage. Their profiles are linked below.

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