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Dutch Deep Tech Start-Up Reyedar Raises €3 Million To Commercialise It Degenerative Disease Screening Technology

PRIVATEJul 05, 2023

Amount Raised

€3 Million

Round Type

Seed

GroningenBiotechnologyHealth CareArtificial Intelligence

Investors

Blue Sparrows Med Tech FundUneti VenturesPupil LabsNomCottonwood Technology Fund

Description

Dutch deep tech start-up Reyedar, previously know as Reperio Medtech, uses eye-tracking sensors coupled with deep learning to detect early symptoms of age-related degenerative diseases such as glaucoma, parkinson’s, and multiple sclerosis. Early diagnosis is expected to improve the outcome of treatment and also health care costs

Quick answer

Reyedar raised €3 Million in a Seed round, dated July 5, 2023. Investors: Blue Sparrows Med Tech Fund, Uneti Ventures, Pupil Labs, Nom and Cottonwood Technology Fund. Reyedar is based in Groningen, Groningen, Netherlands.

How much did Reyedar raise?
Reyedar raised €3 Million in a Seed round on July 5, 2023.
Who invested in Reyedar?
Blue Sparrows Med Tech Fund, Uneti Ventures, Pupil Labs, Nom and Cottonwood Technology Fund are named as investors in this round.
What does Reyedar do?
Visual impairments and neurodegenerative disorders such as Glaucoma, Parkinson's Disease, and Multiple Sclerosis, severely impact the quality-of-life of hundreds of millions of people around the world.
Where is Reyedar based and how big is it?
Reyedar is based in Groningen, Groningen, Netherlands.

Source: Fundz verified event record.

Who else raised in Biotechnology and Health Care around the same time

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

  • Alltrna raised an undisclosed amount (Series B) on August 9, 2023.
  • Persist AI raised $4M (Seed) on August 4, 2023.
  • PredxBio raised $601K (Seed) on August 4, 2023.
  • Evaxion raised an undisclosed amount (Funding Round) on August 1, 2023.
  • FeelBetter raised $5.9M (Funding Round) on July 31, 2023.
  • CathVision raised $9M (Funding Round) on July 18, 2023.

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Company Information

Company

Reyedar

Location

Groningen, Groningen, Netherlands

About

Visual impairments and neurodegenerative disorders such as Glaucoma, Parkinson's Disease, and Multiple Sclerosis, severely impact the quality-of-life of hundreds of millions of people around the world. The accurate detection of early symptoms is critical for a correct treatment but is often not possible. The current screening tests are either invasive, time-consuming or unreliable in clinical populations such as young children or elderly who cannot perform complex, tiring assessments. This causes two main problems: enormous healthcare expenditure for misdiagnosed disorders and severe deteriorations in patients that are not diagnosed in time. We are going to change this using artificial intelligence applied to eye movement recordings. The quality of eye movements reflects the underlying state of the nervous system, as well as the integrity of visual functions. We combine high-speed oculography and machine learning to capture this relation and we translate it into actionable, easy to understand, medical insights. The innovative algorithm extract biomarkers from the eye movements, allowing to indicate the possible presence of an underlying neurological condition and to perform visual assessments such as "perimetry" (i.e. the mapping of the retinal sensitivity in different locations of the visual field). In 5 minutes it combines what normally would require a couple of hours of specialized assessment. It works with signal processing techniques derived from neuroimaging methods and applied to eye movements, as well as artificial intelligence based on deep recurrent neural networks. Would you like to learn more or to work with us? Visit www.reyedar.com

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