QV Bioelectronics

QV Bioelectronics

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Overview

QV Bioelectronics is striving to deliver longer, better quality lives to brain tumour patients through their first of its kind electric field therapy implant, GRACE.

GRACE has been designed alongside some of the leading neurosurgeons in the UK, with the aim of extending patient life expectancy without impacting patient quality of life. For patients with the most common primary brain tumour, glioblastoma, there has been a severe lack of new, effective treatments for decades, with only a handful of approved options. Because of this, glioblastoma has some of the worst outcomes of any cancer, with a 5-year survival rate of <5. Co-founder and academic neurosurgeon Dr Richard Fu recognised this and was frustrated not only by the lack of treatments available for patients but also by major design flaws in newer electric field therapy approaches. Working together with Dr Chris Bullock, a biomedical engineer who had been carrying out research at Manchester's world-class materials research centres, they formed an elegant solution designed to optimise patient life-expectancy and quality of life.

QV Bioelectronics was founded to their solution GRACE, to patients. Since then, their ground-breaking materials science research has received nearly $1M in financial awards from several UK institutions, including Innovate UK and the National Institute for Health Research in the UK, as well as over $1M in equity funding from international life science seed investors SOSV, and renowned life-science investors in Consilience & Catapult Ventures. QV now have an expert, multidisciplinary team with decades of experience working bringing GRACE to the clinic from their research hub in Alderley Park, Cheshire.

About

Industries

Biotechnology, Life Science, Health Care, Medical, Electronics, Medical Device, Advanced Materials, Neuroscience, Nanotechnology

Founded

2018

Employees

11-50

Headquarters locations

Manchester, Manchester, United Kingdom, Europe

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Profile Resume

QV Bioelectronics headquartered in Europe, operates in the Biotechnology, Life Science, Health Care, Medical, Electronics, Medical Device, Advanced Materials, Neuroscience, Nanotechnology sector. The company focuses on Biotechnology and has secured $2.0B in funding across 396 round(s). With a team of 11-50 employees, QV Bioelectronics is actively contributing to advancements in Biotechnology. Their latest funding round, Grant - QV Bioelectronics, raised $1.1M. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Richard Fu

Richard Fu

Co-Founder & Clinical Director

imagePlace Chris Bullock

Chris Bullock

CEO & Co-Founder

Funding Rounds

Funding rounds

11

Investors

1

Lead Investors

0

Total Funding Amount

$5.1M

Details

6

QV Bioelectronics has raised a total of $5.1M in funding over 6 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2020Seed
2021Seed1.0M
2022Seed
2023Seed2.4M

Investors

QV Bioelectronics is funded by 36 investors.

Investor NameLead InvestorFunding RoundPartners
QV Bioelectronics-FUNDING ROUND - QV Bioelectronics2.4M
Empirical Ventures-FUNDING ROUND - Empirical Ventures2.4M
QV Bioelectronics-FUNDING ROUND - QV Bioelectronics1.1M
Innovate UK-FUNDING ROUND - Innovate UK1.1M