Dutch Portable Home Hemodialysis Device Developer Nextkidney Raises 11.9M EUR
Nextkidney, a Dutch company developing a portable home hemodialysis device, has completed a successful round of B funding, raising a total of 11.9 million EUR. The funding was a combination of 7.8 million EUR from professional and informal investors in France and the Netherlands and 4.1 million EUR from a crowdfunding campaign led by OnePlanetCrowd. The funds will be used for clinical trials and market clearance of the Neokidney™, Nextkidney’s innovative device.
The treatment of kidney failure is a growing concern in public health policies, with over $40 billion spent in 2020 in the United States alone. The global dialysis market requires a device that addresses current issues of manpower, logistics, and patients’ quality of life. The Neokidney™ enables patients to perform dialysis treatments anywhere, anytime, without the limitations of fluid logistics or infrastructure, which can help patients stay connected to society and their professional lives.
The Neokidney™ is designed to improve patient outcomes and economics. Its award-winning design enhances patients’ dialysis experience with a simple-to-use interface and minimal footprint in patients’ homes. The device’s sorbent technology drastically reduces fluid usage and power consumption, providing dialysis therapy outcomes that are on par with those of state-of-the-art home hemodialysis devices. The Neokidney™ makes dialysis treatment adaptable to the patients’ lives.
John Stooker, CFO of Nextkidney, said, “We are thrilled to have raised this significant amount of funding, which will allow us to bring our innovative device through clinical trials and market clearance. Our goal is to improve the lives of kidney failure patients by offering them a solution that is both effective and convenient, and we believe that our device will do more than just that.” The success of Nextkidney’s crowdfunding campaign demonstrates strong interest from healthcare providers and patients worldwide, who are eagerly anticipating the launch of the Neokidney™, a truly portable home hemodialysis device.
