Luminate Medical
↗Galway, Ireland
Luminate Medical is a Galway-based medtech company developing a suite of wearable medical devices designed to eliminate the side effects of cancer treatment and enable at-home oncology care. The company's core technology utilizes localized compression therapy to prevent chemotherapy drugs from reaching healthy cells in the scalp, hands, and feet, thereby preventing hair loss and peripheral neuropathy.
Beyond hardware, Luminate is expanding into technology-led services with its 'Lotus' program, which facilitates the delivery of chemotherapy infusions in the patient's home. By combining smart monitoring and auto-injector technologies, Luminate aims to reduce the burden on hospital infusion centers while improving the quality of life and clinical outcomes for cancer patients globally.
CLASSIFICATION
SIZE & FINANCIALS
Employees:51-200
Revenue:$10M-$20M (est. grants/funding)
Founded:2018
Ownership:private
Status:operating
FUNDING
Stage:Series A
Total Raised:$50M+
Investors:ARTIS Ventures, Lachy Groom, 8VC, Y Combinator, Atlantic Bridge, Faber, SciFounders, Elkstone, Western Alliance Life Sciences, Metaplanet
PIPELINE
Stage:Clinical
Lead Drug Stage:Clinical Trials (Lily & Lilac)
Modalities:Wearable Medical Devices, Compression Therapy, Digital Health, At-home Infusion
Active Trials:2
Trial Phases:Phase 2: 2
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Key Partnerships:University of Galway (Spin-out partner), St James' Hospital, Dublin (Clinical trial site), EIT Health
COMPETITION
Position:Emerging
Competitors:Paxman Scalp Cooling, Dignitana, TriSalus Life Sciences, Delcath Systems
LEADERSHIP
Key Executives:
Aaron Hannon - CEO & Co-Founder
Dr. Bárbara Oliveira - CCO & Co-Founder
Prof. Martin O'Halloran - Co-Founder
Scientific Founders:Prof. Martin O'Halloran, Dr. Bárbara Oliveira
Board Members:Austin Walne (ARTIS Ventures)
LINKS
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