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Bioprotect Secures $28M To Commercialize Its Biodegradable Balloon For Rectal Protection During Prostate Cancer Radiation Therapy

RECENTLY ACQUIREDSep 27, 2023

Amount Raised

$28 Million

Round Type

Funding Round

TZUR IGALManufacturingBiotechnologyHealth Care

Investors

Consensus Business Group Of Vincent TchenguizAlmeda VenturesPeregrine VenturesKB InvestmentsTriventuresMvm Partners

Description

BioProtect Ltd, a private Med Tech company focused on providing innovative, biodegradable spacing solutions, announced today the successful close of a $28 million funding. The round was led by MVM Partners, with participation from current investors: Triventures, KB Investments, Peregrine Ventures, Almeda Ventures, and Consensus Business Group of Vincent Tchenguiz. Proceeds from this financing will support US commercialization of the BioProtect Balloon Implant System, which recently received FDA clearance for rectal protection during radiation therapy for prostate cancer.

Who else raised in Manufacturing and Biotechnology around the same time

Companies in the same sectors as BioProtect that raised within 45 days of this round, from Fundz verified event records.

  • SURGLASSES raised $6.5M (Funding Round) on November 9, 2023.
  • Nature's Toolbox raised $44M on November 7, 2023.
  • TendoNova raised $250K on November 1, 2023.
  • Gyre Therapeutics raised $5M on October 30, 2023.
  • Planatome raised $6M on October 25, 2023.
  • VitaTek raised an undisclosed amount (Series A) on October 22, 2023.

Who to call at BioProtect, and when

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Company Information

Company

BioProtect

Location

TZUR IGAL, Israel

About

BioProtect is a technology platform company that provides innovative biodegradable spacing solutions. BioProtect's first application, commercially available in the US and Europe, is the BioProtect Balloon Implant System, a new generation spacer designed to provide optimal, consistent, and reproducible protection to the rectum during prostate cancer radiation therapy. For more information about BioProtect and their products, please visit www.BioProtect.com.

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BioProtect raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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