Microsure announced today the successful closing of its Series B2 investment round securing €38 million in development capital. With this funding, Microsure will finalize the development of its newest microsurgical robot MUSA-3 for clinical studies, followed by FDA clearance in the USA and CE-mark in Europe. As part of this financing round, Kreske Nickelsen from new investor kineo will join the supervisory board, further strengthening Microsure's governance.
Microsure's microsurgical robot MUSA-3 is designed to revolutionize the field of open microsurgery, helping microsurgeons excel and leave no patient untreated. Building on the success of MUSA-2, MUSA-3 offers enhanced dexterity and a wide workspace, tremor reduction for enhanced precision and seamless integration with surgeons' existing preferred micro-instruments of different well-known top brands. Its adaptability allows it to be used in a wide range of surgical procedures. MUSA-3 combines surgeon comfort with improved ergonomics, enabling surgeons to work from a surgeon console with digital exoscopes or hybrid surgical microscopes.
The financing round welcomes a host of new investors, including the European Innovation Council Fund (EICF), kineo, Invest-NL, and several prominent private investor groups. Microsure also acknowledges the unwavering support of key existing shareholders including deep-tech venture capital firm Innovation Industries, BOM Ventures, private investors Ten Cate Investerings Maatschappij (TCIM), Venturing Tech, Eindhoven University of Technology (TU/e), and Microsure Founders. This fundraising not only solidifies Microsure's financial foundation but also reflects the confidence of all investors in the company's groundbreaking technology.
Microsure's commitment to innovation has also been recognized with an EIC Accelerator grant, and an Innovation Loan from RvO, a division of the Dutch Ministry of Economic Affairs, further affirming its pioneering role in the medical technology sector. Additionally, the company has entered into an asset financing agreement with kineo, enabling Microsure to offer appealing leasing options to hospitals adopting MUSA-3, Microsure's first commercial product.
Building on MUSA milestones
Building upon a legacy of excellence, Microsure is proud to highlight several clinical studies with the clinical prototype, MUSA-2. These studies, performed at Maastricht University Medical Center in the Netherlands and Uppsala Academic Hospital in Sweden include about 50 patients to date and encompass a wide spectrum of surgical indications, yielding promising results and invaluable insights for the development of MUSA-3. In addition, an in-vitro study in Uppsala featuring 20 microsurgeons performing over 200 anastomoses reveals a remarkably swift learning curve using MUSA. Other in-vitro studies underscore the ergonomic benefits for surgeons and also the benefits of the technology for neurosurgical applications.
