MolecuLight, a leader in point-of-care fluorescence imaging, announced the closing of a $11.7 million Series C funding round led by new investors Export Development Canada (EDC), Prosegur, and Azahar. Existing investors also participated in the round, highlighting continued confidence in the company’s growth.
MolecuLight’s fluorescence imaging devices offer clinicians with real-time visualization of bacteria florescence in wounds, enabling earlier detection and quantification, leading to more effective treatment resulting in improved wound healing. And MolecuLight’s wound bed assessment aligns perfectly with CTP outcomes: A study by Ai-Jalodi and colleagues demonstrates that when the device indicates a bacteria-free wound bed, there is a 100% probability of CTP integration vs a skin substitute alone.
By enabling healthcare providers to make informed decisions at the point of care, MolecuLight is helping to improve patient outcomes and reduce healthcare costs. This new funding will fuel MolecuLight’s expansion in the US, Canada, and EU across all care settings, including hospital outpatients, independent wound care clinics, podiatrists, and long-term care centers. This growth will enable the company to reach more patients and positively impact their lives by providing clinicians with the tools to quickly and accurately identify and quantify bacteria that impair wound healing, improving patient outcomes.
Tungsten Advisors served as the exclusive financial advisor to MolecuLight.
KEY QUOTES:
“MolecuLight’s innovative technology has the potential to significantly improve patient outcomes and offers compelling benefits for all healthcare system stakeholders. We are excited to invest in MolecuLight as they accelerate commercialization. EDC is focused on supporting emerging Canadian innovators in critical sectors essential for the future. This investment reflects our belief in innovation and progress, underscoring mission is to support Canadian companies in their journey to become international leaders in their sectors.”
- Guillermo Freire, Senior Vice-President, Mid-Market Group, EDC
“We are pleased to invest in MolecuLight. We believe in MolecuLight’s mission to transform wound care and with their innovative technology. This investment will enable MolecuLight to accelerate its expansion efforts to more healthcare providers worldwide.”
- Pedro Munoz, General Manager at Azahar
“iGan is proud to continue supporting MolecuLight on their journey to transform the management of wound care.”
- Sam Ifergan, Chairman of MolecuLight and Managing Director at iGan Partners
“This financing is a testament to MolecuLight’s strong market position and the significant impact our technology is having on patient care. With the support of our investors, we are well-positioned to capitalize on the growing demand for point-of-care fluorescence imaging solutions and deliver exceptional value to our customers.”
- Anil Amlani, CEO of MolecuLight
