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Onalabs raises €9.3 million in funding to enhance its wearable sweat sensor technology, with major investments from the Spanish government and various private investors.

PRIVATEJul 31, 20269 days ago

Amount Raised

€9.3 Million

Round Type

Venture - Series Unknown

BarcelonaBiotechnologyHealth CareMedical DeviceFitness

Investors

Wa4 SteamReig PatrimoniaN Prime1921 VenturesSociedad Española Para La Transformación Tecnológica (Sett)Spanish Government

Description

Onalabs has raised over €9.3 million in a new funding round, with €4.6 million coming from the Spanish government's SETT program. The capital will help industrialize their wearable sweat-analysis sensor, Onasport, and fund a diabetes-focused device. Significant private investments came from 1921 Ventures and nPrime, among others. This investment will support clinical validation and local manufacturing for their innovative technologies.

Company Information

Company

Onalabs

Location

Barcelona, Catalonia, Spain

About

Onalabs is a company that specializes in the development of wearable technology for health and sports applications. Their devices, such as Onasport, analyze sweat to provide insights on lactate levels, hydration, and other vital metrics. Founded in 2016, Onalabs aims to reduce invasive medical procedures while enhancing athletic performance. The company is currently involved in multiple clinical validations and partnerships to expand its product offerings.

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