Synergia raises €8.1 million in Series A - Seite 3

About NAOS
NAOS is a next-generation, small-form implantable vagus nerve neurostimulator for use in patients with drug-resistant epilepsy, affecting one third of epileptics globally. NAOS' novel components include an implantable pulse generator (IPG) with unique quartz encapsulation enabling light signal communications which is 10x faster and safer than conventional radio. The IPG is charged wirelessly and provides bio-sensing and feedback through a light emitter and sensor. A durable fibre-optic lead is transformationally MRI compatible and the novel electrode contains unique photovoltaic cells to convert light signal to stimulatory current through an enhanced electrode cuff. NAOS has global patent protection and is expected to receive its CE mark in 2019.

About Newton Biocapital
Established in 2017, Newton Biocapital is a Belgian venture capital fund focused on financing biotech and life science projects in the "core of Europe" (B, NL, D, F) and Japan for the prevention and treatment of chronic diseases. The fund's approach as lead investor is to support promising start-up projects, as well as neglected or undervalued late-stage projects, in order to mitigate the risks and to create investor value. Its leadership team consists of specialists with long-standing management and investor experience who coach bio-entrepreneurs through the development stages of their projects. Newton Biocapital's mission is to generate substantial financial and societal value.

About Financière Spin-off Luxembourgeoise
Financière Spin-off Luxembourgeoise S.A. is a specialised VC fund investing in seed and early-stage startups. The portfolio companies feature some of the leading young technological companies in Wallonia. The "Financière Spin-off Luxembourgeoise" S.A. belongs to the Investsud Group which is a private equity firm in Wallonia (Belgium), dedicated to accompanying small and medium-sized family companies with equity or quasi-equity funds. www.investud.be

About SRIW
S.R.I.W. Société Régionale d'Investissement de Wallonie (www.sriw.be) provides equity and/or debt to companies that generate added value and employment in Wallonia.  S.R.I.W. facilitates the region's economic development, contributing effectively to the modernisation, growth and restructuring of the businesses that make up the Walloon industrial network. In the life science sector, S.R.I.W.  is investor in more than 30 companies such as IBA, Celyad, or Ogeda from which it recently exited. Its current portfolio fair value is above €150 million.

About SFPI
The Federal Holding and Investment Company (SFPI-FPIM) centrally manages the federal government's shareholdings, cooperates with the government on specific projects and pursues its own investment policy in the interests of the Belgian economy. SFPI identified several sectors into which it would be interesting to invest, amongst them innovation in the life-sciences sector. It invests in a direct way (including Biocartis, Bone Therapeutics, IBA and Istar) and through investment funds (including Fund+, Newton Biocapital, Vesalius Biocapital and V-Bio Ventures). SFPI is committed into more than 50 healthcare entities, for a total amount of more than € 130 million.

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Source: SYNERGIA MEDICAL SA via Globenewswire