Loop Medical Wins a $3.2 Million Grant from the Gates Foundation

04.04.2019 14:10, Guillaume Tinsel

Loop Medical receives up to $3.2 million to finalize the development and validation of a breakthrough painless and easy-to-use blood collection device. The grant is the Lausanne-based company’s second from the Bill & Melinda Gates Foundation.

EPFL-based ambitious healthcare startup Loop Medical is reinventing blood collection and announced today that it has received a $3.2 million grant to support pre-production and clinical trials required for the global registration of its blood collection device. This is the second grant received from the Bill & Melinda Gates Foundation for a total of $3.6 million.

“We are thrilled to have received this second grant from the Bill & Melinda Gates Foundation. It shows trust in our project and is a recognition that our early development activities are well managed. We are convinced our painless and easy-to-use device is a major breakthrough. It will benefit both the blood collection procedure itself and the safety and convenience of the end-to-end diagnostic process for a variety of health conditions and geographies around the world,” said Arthur Queval, founder and CEO of Loop Medical.

Venture Leaders and Venture Kick alum Loop Medical has engineered a breakthrough painless and easy-to-use blood collection technology to simplify access to clinical grade laboratory results. Loop Medical’s solution also targets the global health challenge raised by infectious diseases.



“While there have been tremendous innovations in diagnostics, I identified a need to drastically simplify the collection of blood samples, which is performed 10'000 per minute in the world. This idea quickly generated a lot of interest from the industry and Loop Medical was born! Taking the time to get a deep market understanding was essential, before designing a product that would answer the needs in the industry.
In the early days, Venture Kick supported me along this rich and challenging entrepreneurial journey. Through Venture Leaders I also had the chance to discover the American market, a pioneer in personalized medicine, for which Loop's innovative blood collection would be instrumental.” said Arthur Queval, founder and CEO of Loop Medical.