osteolabs Closes Second Financing Round of Nearly 1.6 Million Euros

osteolabs GmbH now has the finances to expand. 

The company recently completed a second financing round that amounted to roughly 1.6 million euros. Investors included Seed and Start-Up Fonds II of MBG (Mittelständische Beteiligungsgesellschaft) Kiel, Labor Dr. Krause & Kollegen MVZ GmbH, Kiel, and SVM Verwaltungsgesellschaft mbH, Hamburg, as new shareholders.

Dr. Bernd Buchholz, minister of Economic Affairs of the Federal State of Schleswig-Holstein, said: “osteolabs is a good example of a successful and innovative startup which has been successful to date and which the state is supporting with its financing instruments in a tailor-made way on the road to economic implementation and further development. This makes osteolabs one of a total of 67 companies that have so far been actively supported on their way into the market by the Schleswig-Holstein Seed and Start-up Fund II.”
 
The funds will be used to promote the expansion of osteolabs GmbH in two ways: Geographically – in the Scandinavian countries, the BENELUX countries, Switzerland and Austria, and through existing laboratory capacities.
 
Lucas Murmann, investment manager of SVM, explained: “We have invested in this innovative biotech company because we are convinced that the OsteoTest procedure offers significant added value for patients and doctors in the treatment of osteoporosis. This disruptive procedure has great market potential worldwide and we want to support its market penetration”.
 
“Since the company was founded, we are experiencing a continuous increase in orders, both from end customers and from medical practices,” said Managing Director Dr. Stefan Kloth. “This shows us that we are on the right track. After the successful roll-out in pharmacies throughout Germany, the OsteoTest is now also available to end consumers and can therefore be purchased not only online but also on site”.
 
The CE-marked OsteoTest is protected by patent and has been clinically validated in several studies. It can be used both to detect osteoporosis and to monitor therapy. Up to now, patients have had to be exposed to X-rays for a diagnosis – in most cases when osteoporosis has already occurred.