Azalea Vision, a health technology company engineering the future of sight, announced the first closing of its €15 million Series A funding round. The company raised €9 million and appointed Robert J. Dempsey Chairman of the Board to guide strategic growth in the European and U.S. markets.
Robert Demsey’s Background: Dempsey has over three decades of experience in the eyecare industry, having served in leadership roles including CEO, Chairman, and Board Advisor. And he has a track record of driving strategic transactions across multiple companies. He led the development of Shire’s ophthalmic business, establishing it as a global leader in the industry. Under his leadership, the company launched Xiidra – leading to one of only three ophthalmic deals in the past two decades with an upfront value exceeding $1 billion. Demsey’s strong track record across anterior and posterior segments positions him as a key strategic expert in advancing ophthalmic innovation.
What the funding will be used for: The Series A funding will support the execution of Azalea Vision’s First-in-human (FIH) pilot clinical trial, a key milestone in establishing the safety and performance of its medically intelligent ocular technology platform. The goal is to receive Investigational Device Exemption (IDE) approval from the U.S. Food and Drug Administration (FDA), continue the clinical trials, and further advance commercialization efforts.
KEY QUOTES:
“Strong participation from repeat investors in this Series A milestone reaffirms their trust in our medical device and innovation for the future of intelligent ocular health. Additional funding in this round from SPRIM Global Investments and Afrimobility, along with a strategic investor who remains undisclosed, further emphasizes the confidence in our platform. The appointment of Robert J. Dempsey, a highly regarded leader in the ophthalmic space, brings deep domain expertise and strong industry relationships to guide our leadership team as we move forward into our next stage of growth.”
Enrique Vega, CEO of Azalea Vision
“I believe a future where vision is intelligent, connected, and effortlessly adaptive is among the most exciting frontiers in eyecare medical device innovation today. I am honored to serve as Chairman of the Board and contribute to driving this transformational journey.”
Robert J. Dempsey
