Medical device company OrganOx raises £25m to transform organ transplantation practices
OrganOx, an Oxford-based medical technology company committed to making every donated organ count with metra, a fully automated normothermic machine perfusion (NMP) device for liver transplantation, announced it has raised £25 million in a growth round led by Lauxera Capital Partners (Lauxera) with support from existing investors.
Craig Marshall, Chief Executive Officer, OrganOx: “We are thrilled to have Lauxera Capital Partners at the table. Their collective experiences will be invaluable to OrganOx as we execute our commercial strategy in Europe, North America and Australia. OrganOx is committed to using our NMP technology to make organs more widely available to patients who need them around the world.”
The proceeds from the fundraise will enable OrganOx to significantly expand its commercial footprint across strategically key areas of the business. This includes expanding the customer-facing team in the United States due to high interest and adoption of the OrganOx technology. In addition, investment will be made in new infrastructure in both the UK and the US over the coming months to facilitate and accelerate programmes within the R&D pipeline, some of which will address large and underserved markets adjacent to liver transplantation.
With more than 2,500 OrganOx supported liver transplants successfully performed in Europe, the US and Australia, the rapid growth in the use of metra has been driven by the ability to preserve livers for longer periods than the current gold standard, enabling surgeons to assess liver function prior to transplantation. The metra technology also enables transplants to be routinely scheduled during the working day, avoiding overnight surgery which in turn improves the working schedule for the surgical team.
Samuel Levy, MD, Lauxera Capital Partners: “Lauxera is proud and honoured to back the OrganOx team and its global commercial scale-up. This is the ninth investment made by Lauxera Growth I, a growth buy-out fund dedicated to investing in commercial-stage European and North American HealthTech businesses.”
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