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iThera Medical, based in Munich, Germany, develops and commercializes biomedical imaging systems utilizing Multispectral Optoacoustic Tomography (MSOT) for clinical and preclinical research. The company operates within the healthcare technology sector, providing solutions for the visualization and quantification of tissue biomarkers across various disease applications. Recognized as a leading supplier of optoacoustic medical technology, iThera Medical has secured total funding of €37.6 million (approximately $24.87 million), including a Series D round, with its last funding of $13.79 million raised approximately two years ago. The company holds 7 patents related to its proprietary technology. iThera Medical originated as a spin-off from the Helmholtz Center Munich (HMGU) Institute of Biological and Medical Imaging (IBMI). Founded in 2010 by Christian Wiest, the company continues to advance its imaging solutions.
iThera Medical has raised $27.8M across 2 funding rounds.
iThera Medical has raised $27.8M in total across 2 funding rounds.
iThera Medical has raised $27.8M across 2 funding rounds. Most recently, it raised $13.8M Other Equity in December 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 22, 2022 | $13.8M Venture Round | Trumpf Venture | Baybg, EIC Fund, Falk Strascheg Holding, Fluxunit, MEY Capital Matrix, Occident, Wachstumsfonds Bayern | Announced |
| Dec 1, 2022 | $14M Series D | — | Bayern Kapital, Übermorgen Ventures, Gian Reto À Porta | Announced |
iThera Medical is a healthcare technology company specializing in biomedical imaging systems based on multispectral optoacoustic tomography (MSOT) and raster-scan optoacoustic mesoscopy (RSOM).[1][2][3] It builds advanced imaging platforms that visualize and quantify tissue biomarkers, such as hemoglobins, lipids, water, and collagens, for preclinical research in pharma and biomedical labs, with emerging clinical applications for diseases like late-onset Pompe disease, skin, breast, and thyroid cancer.[1][2][4] These systems serve researchers and clinicians by solving limitations of traditional imaging—enabling deep-tissue, real-time molecular visualization through the "light in, sound out" principle of optoacoustics, which detects acoustic waves from laser-induced thermal expansion.[1][2][4] The company, founded in 2010 as a spin-off from Helmholtz Center Munich, has built global sales momentum with a distribution network across Europe, the US, Asia, Australia, and South America, employing around 34 experts in laser physics, ultrasound, and image processing.[2][3]
iThera Medical was founded in 2010 as a spin-off from the Helmholtz Center Munich for Environmental Health (HMGU), specifically commercializing MSOT technology developed at the Institute of Biological and Medical Imaging (IBMI).[1][2][3][5] Holding exclusive license rights to HMGU's MSOT-related intellectual property, the company emerged to translate this biophotonics innovation from research to market, starting with preclinical systems for small animal studies.[2][3] Early traction came quickly: since 2010, iThera has sold systems worldwide to biomedical and pharma labs, expanded production facilities by 2013, and grown its team from core experts in optoacoustic tech to 34 employees by recent counts, including specialists like Dr. Neal Burton (Senior Application Specialist since 2010) and clinical trial managers.[2][3] Pivotal moments include establishing a global distribution network and entering clinical translation via projects like EUPHORIA.[2]
iThera rides the wave of hybrid molecular imaging and biophotonics, where optoacoustics bridges optical and ultrasound modalities to address gaps in MRI/CT for real-time, non-invasive deep-tissue analysis—critical amid rising demand for precision diagnostics in oncology, rare diseases, and drug development.[1][2][4] Timing aligns with clinical translation pushes (e.g., EUPHORIA project) and pharma's need for advanced preclinical tools, fueled by market forces like aging populations, personalized medicine, and nanoparticle therapies.[2] As a HMGU spin-off with exclusive IP, iThera influences the ecosystem by pioneering MSOT standards, supplying labs globally, and enabling breakthroughs like quantitative muscle imaging—positioning optoacoustics as the "next era" in biomedical imaging.[2][3][4]
iThera Medical is poised for clinical market expansion, building on preclinical dominance with ongoing trials and projects like EUPHORIA to deliver MSOT as a diagnostic staple for cancers and metabolic diseases.[2] Trends like AI-enhanced image processing, deeper tissue penetration via laser advances, and regulatory approvals for hybrid imaging will accelerate growth, potentially scaling its 34-person team and global footprint. Its influence may evolve from research enabler to clinical powerhouse, reshaping how biomarkers drive therapy—echoing its origin as a bold spin-off translating "light in, sound out" into transformative healthcare tools.[1][2]
iThera Medical has raised $27.8M in total across 2 funding rounds.
iThera Medical's investors include TRUMPF Venture, BayBG, EIC Fund, Falk Strascheg Holding, Fluxunit, Mey Capital Matrix, OCCIDENT, Wachstumsfonds Bayern, Bayern Kapital, Übermorgen Ventures, Gian Reto à Porta.