Sava Technologies Ltd. raised $8M in a seed funding led by Balderton Capital and Exor Ventures to expand the company’s team and design the next-generation product for a minimally invasive transdermal sensor.
Jun 21, 2024•about 1 year ago
Amount Raised
$8 Million
Round Type
seed
Investors
Exor VenturesBalderton Capital
Description
Sava Technologies Ltd. emerged from five years of stealth with $8 million in seed funding for its microneedle-based sensor. The financing round was led by Balderton Capital and Exor Ventures and will be used to expand the company’s team, design the next-generation product and conduct clinical studies.
FundzWatch™ Score
85
Medium Activity
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers