Sencure raises €5 Million Investment Round Led by Cottonwood Technology Fund to Accelerate Industrialization of SNCE-800 Biosensor Chip

Roden/Enschede, July 12, 2023 – Sencure, a pioneering company in the development of chips for medical wearable biosensors, is thrilled to announce the successful completion of a €5 million investment round. The funding, led by Cottonwood Technology Fund, will primarily be utilized to expedite the industrialization process of its flagship product, the SNCE-800 chip, renowned for its ability to measure high-quality electrophysiological signals with exceptional power efficiency.

Besides Cottonwood Technology Fund, a DeepTech investor known for supporting early-stage technology companies with transformative ideas, the Northern Netherlands Investment Agency (NOM), reaffirming their commitment to fostering innovative companies in the region, and current Deep-tech and MedTech investor Lumana Invest, shows confidence in Sencure’s vision by participating in this funding round.

Alain le Loux, Partner at Cottonwood Technology Fund: “We are thrilled to lead this investment round for Sencure. Their groundbreaking biosensor chip technology has the potential to revolutionize remote patient monitoring and reshape the healthcare landscape.”

The SNCE-800 chip represents a breakthrough achievement for Sencure, enabling medical wearable biosensors to capture high-quality electrophysiological signals like ECG and EEG while operating on minimal power consumption. This innovative solution holds immense promise for enhancing patient care, providing healthcare professionals with invaluable insights into physiological conditions without sacrificing comfort or battery life.

Annemieke Wouterse, investment manager of NOM, and Wim Smit, managing director of Lumana Invest are excited about the partnership with Sencure: “We are proud to see that this ground-breaking biosensor technology is developed in Northern Netherlands. Sencure fits nicely in the ecosystem of the region and we are proud to join this round”, says Annemieke Wouterse. Wim Smit: “Sencure enables the next step in the necessary transformation of healthcare. We believe that this technology can save lives and reduce healthcare costs, which is something we strongly believe in.”

Dick van Waes, CEO of Sencure, expressed his gratitude for the investment: “We are extremely grateful to Cottonwood Technology Fund, NOM, and Lumana Invest for their confidence in our vision and technology. With this funding, we can accelerate the industrialization process of our SNCE-800 chip and bring biosensor solutions to market faster. This investment is a testament to the hard work and dedication of our exceptional team.”

Sencure, with offices in both Roden and Enschede, is strategically positioned to leverage the expertise and resources available in the region’s thriving technology ecosystem. The company’s commitment to advancing medical wearable biosensors has gained recognition and support from prominent investors, solidifying its status as a key player in the sector.

About Partners

About Sencure

Sencure is a pioneering company specializing in the development of chips for medical wearable biosensors. With a focus on combining cutting-edge technology with superior power efficiency, Sencure aims to revolutionize the healthcare industry by providing high-quality and comfortable solutions for remote patient monitoring.

About Cottonwood

Cottonwood Technology Fund is a venture capital firm that invests in early-stage technology companies with the potential for significant global impact. With a keen focus on deep tech and innovation, Cottonwood provides valuable resources and support to help companies scale their operations and revolutionize their respective industries.

www.cottonwood.vc

About NOM

NOM (Northern Netherlands Investment Agency) is a regional development agency that supports innovative companies in the Northern Netherlands. With a focus on sustainable economic growth, NOM provides financial support and expertise to businesses to help them achieve their goals.

www.nom.nl

About Lumana

Lumana Invest is an investment firm dedicated to supporting early-stage companies with transformative ideas and technologies. With a broad portfolio spanning across various sectors, Lumana Invest provides strategic guidance and financial backing to help companies realize their full potential.

www.lumanainvest.nl