December 21, 2020
December 21, 2020 | Funding updates around the life sciences including cash for a handheld mass spec device, Series D for oncolytic immunotherapy, a new company launch in allogenic CAR-NK cells, AI-powered cell classification, a 3-D sequencing platform, and more.
$170M: Israeli ‘Digital Health First’ VC Firm
OTV (formerly Olive Tree Ventures), Israel’s ‘digital health first’ venture capital firm, today announced the closing of a fund with a total value of $170M. OTV also announced their new name and the appointment of a new Head of Asia Pacific to spearhead the fund’s expansion into the region’s market. OTV is the only venture capital fund in Israel whose primary focus is digital health, specializing in supporting their portfolio companies reach maturity, refine execution, tackle regulatory hurdles and ensure a global imprint on validated products. Over the course of the past five years, OTV has prioritized investment in digital health
Hope for stroke and dementia patients. Israel’s BrainsGate (reported briefly here previously) has developed a technology for the treatment of ischemic strokes and vascular dementia. The Ischemic Stroke System is based on an implantable electrode stimulator that increases blood flow to the brain. Clinical trials are in progress.
Hackathon for autism. Israeli innovators and entrepreneurs participated in Hackautism 2.0 – a virtual tech marathon to create innovative technological solutions for the challenges of children and adults on the Autism Spectrum. The winning teams addressed sleep quality, non-verbal communication and job finding,
Israeli blood tests for the Gulf. The OLO finger-prick blood tests from Israel’s Sight Diagnostics (reported here previously) will soon be available in medical centers across the Gulf region. The Israeli company is partnering with Dubai’s Phoenix Capital who will install OLO initially in the UAE and then other Gulf states.
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