Aenitis Secures Strategic Funding to Redefine Bioproduction with Sole-In-Class Acoustofluidic Technology
Aenitis Secures Strategic Funding to Redefine Bioproduction with Sole-In-Class Acoustofluidic Technology
Aenitis is set to transform the bioproduction industry by addressing the increasing need for scalable, cost-effective, and highly precise cell processing technologies.
Mitis™, the flagship product of its unique Acoustofluidic Technology, is already used across various applications, from research to clinical and industrial scales, including cell sorting, isolation, concentration, and washing.
Funding round led by the European Innovation Council Fund, Quadrivium I fund (Seventure Partners) and Mifani Invest to support commercial launch and global expansion.
Paris, France, October 10, 2024, Aenitis Technologies, a pioneer in acoustic-based cell manipulation, has successfully closed its equity financing with the European Innovation Council Fund advised by the European Investment Bank, Quadrivium I fund managed by Seventure Partners, Mifani Invest, Stamos, Weaving Invest, a few business angels and the company founders, marking a significant milestone in the deeptech sector. The funding, secured in a two-stage round, will drive the company's innovative acoustofluidic technology towards commercial launch and global expansion.
Since its inception, Aenitis has raised a total of €14.5 million in both equity funding and in non-dilutive funding. Supported by public authorities and the European Innovation Council, being one of the few European players to receive an equity-only support under an EIC Accelerator call, the company remains committed to advancing bioproduction processes and delivering high-quality solutions for cell therapy and biomanufacturing.
The funds provided by the investors and the final tranches of non-dilutive funding will be used to prepare for the commercial launch of Aenitis, demonstrate specific new use cases in collaboration with key users, and establish distribution channels, initially in Europe, followed by the US and then selected Asian markets. In addition, the funds will be used to support the final stages of technology development, improve production lines and refine the already CE-marked Mitis™ for market readiness.
Among the newcomers to the Company's Strategic Board, Eric Garnier, former Vice President and General Manager of Pall Medical, joins the Strategic Board as Independent Chairman and will be instrumental in accelerating revenue and profit growth and establishing new partnerships. In addition, Michel Spagnol will represent Mifani Invest and bring his expertise and network, notably as former Chairman and CEO of Novasep, which will help structure the Company.
Emmanuel Vincent, CEO of Aenitis, commented: "Our consortium of investors provides not only significant funding, but also valuable expertise and a network that will help shape the company. Their involvement is critical to Aenitis' success, positioning us for a successful market launch with Mitis™ and future growth while driving innovation in the field of bioproduction".
Michel Spagnol, new Strategic Board member, representing Mifani Invest, added: "I am ...
