2024-08-29 06:30Press release

SmiLe Inject Capital Invests 9 Million SEK in Three Groundbreaking Life Science Startups 

Thomas UntThomas Unt, the CEO of SmiLe Inject Capital

 

Lund, Sweden – SmiLe Inject Capital, an investment company under the SmiLe Venture Hub umbrella, is investing a total of 9 million SEK (0,8 million euros) in three promising life science startups: Uman Sense, Nygen Analytics, and Aligned Bio. All three companies are members of SmiLe and represent cutting-edge expertise in their respective fields. 

 

SmiLe Inject Capital contributes venture capital to SmiLe’s successful environment where life science companies commercialize their innovations to improve global health. There are a total of ten companies in SmiLe Inject Capital's portfolio following the three most recent investments in the following companies: 

 

Uman Sense has developed the groundbreaking Stroke Alarm, a wristband that continuously monitors patients at high risk for stroke. The technology, developed in collaboration with leading medical experts, aims to quickly alert and enable immediate care in the event of a suspected stroke. Stroke is one of the leading causes of permanent disability in adults and the second leading cause of death in the Western world. Uman Sense has secured a total investment of 12 million SEK, with SmiLe Inject Capital contributing 3 million SEK to support efficiency studies and the launch in the EU market.

 

Nygen Analytics is revolutionizing genomics data analytics with its cloud-based, LLM-driven platform, which significantly reduces the need for large computing capacity and expert knowledge. Nygen allows researchers in academia, biotech, and the pharmaceutical industry to quickly and efficiently analyse and gain deep insights from the massive amount of data generated when mapping genes from individual cells. The development of cell and gene therapies is a growing field in medical research. The goal is to eventually offer the pharmaceutical industry access to complete data ecosystem for drug development. SmiLe Inject Capital is contributing 2 million SEK to Nygen Analytics' new share issue of a total of 7.5 million SEK to finance continued technical development and market positioning.

 

Aligned Bio is developing a new nanowire-based technology platform for biosensors. The company has chosen to apply the technology in two areas: disease diagnostics, such as cancer, and genome sequencing (mapping DNA). The technology can analyze longer DNA fragments and provides 10-100 times higher sensitivity in diagnostics compared to existing commercial sensors. It will also be indispensable in next-generation genome sequencing. The company has secured a funding round in which SmiLe Inject Capital is investing 4 million SEK to support continued technical development and scaling up production. 

 

"SmiLe Inject has seen great potential for rapid commercial success in all these investments. All companies are close to market launch and have been working for a long time with strategic partners. Our hope is that their respective innovative technologies and strong teams have the potential to reach critical milestones to ensure commercial impact," says Thomas Unt, CEO of SmiLe Inject Capital and business development coach at SmiLe. 

 


For more information, please contact:
 
Thomas Unt, CEO of SmiLe Inject Capital and business development coach at SmiLe,  

+46 (0)708 201070, thomas@smileincubator.life 

 

About SmiLe Inject Capital:  
SmiLe Inject Capital is the only angel investment company in Sweden focused on promising early-stage life science companies. Through SmiLe Inject Capital, private investors are offered the opportunity to benefit from SmiLe's extensive life science expertise, international network, and unique insight into early-stage life science companies. The financing is backed by experienced business angels together with the state-owned venture capital company Saminvest. 
https://www.smileventurehub.com/inject/ 


Language: English

About SmiLe Venture Hub – Pioneering Life Science Innovations

SmiLe is a leading venture hub that specializes in advancing life science startups from concept to commercialization. We offer comprehensive support through every stage of entrepreneurship, including tailored incubation and acceleration programs, a variety of educational courses, and access to top-tier lab facilities. To date, our flagship incubator program has supported over 100 startups, facilitating their collective acquisition of more than EUR 841 million in venture capital and contributing to 21 successful IPOs. Recognized as one of Europe’s leading startup hubs in 2024 by the Financial Times and Statista, SmiLe continues to be a catalyst for innovation in the life sciences sector. As a non-profit entity based in Lund, Sweden, SmiLe is supported by Region Skåne, Lund Municipality, Lund University, and Medicon Village. We are also backed by our sponsors Agilent, Sparbanken Skåne, Høiberg, Setterwalls, Zacco, Key2Compliance, Phase Holographic Imaging, ChemoMetec, and Samplix. For more information: www.smileventurehub.com