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HiloProbe secures SEK 3 million in funding

HiloProbe has raised funding from existing owners.

“The main focus of this capital injection is to initiate sales, enabling us to attract a larger amount of capital. We anticipate reaching a break-even point after that,” says Lina Olsson, CEO of HiloProbe.

HiloProbe describes the interest in its product as “significant” and that the company is close to a breakthrough and the commencement of using ColoNode. This reagent kit utilizes molecular technology, RT-PCR, along with associated web-based software to analyze lymph nodes after surgery of patients with colorectal cancer.

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Partnerinvest Norr, an early investor in HiloProbe since 2018, is among the financiers who have recently provided this new capital boost.

“Through several clinical studies, HiloProbe’s ColoNode has been proven to offer more detailed information about colorectal cancer patients’ condition to the treating physicians than current methods allow,” says Mattias Eriksson, investment manager at Partnerinvest Norr. ”We believe that HiloProbe has a good chance of contributing to improved cancer care and becoming commercially successful.”

Photo of Lina Olsson: HiloProbe

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