Texray has announced the successful completion of an investment round led by Industrifonden and supported by private investors at Impilo.
This round significantly exceeded expectations, highlighting the robust investor interest in Texray’s innovative technology, states the company.
“We are thrilled by the immense support we have received from investors who would like to join us on our journey when we aim to become one of the world’s leading companies in radiation protection. This investment will enable us to accelerate commercialization and to further our mission in advancing occupational safety for healthcare professionals with our cutting-edge technology,” says Petra Apell, CEO of Texray.
Texray specializes in developing advanced radiation protection solutions, addressing a critical problem healthcare professionals face. During x-ray-guided surgical procedures, these professionals routinely encounter some of the highest levels of radiation exposure in the field of medicine. Current radiation protection gear often leaves body parts such as the head and neck areas exposed, making medical staff potentially vulnerable to radiation-related health risks. Several comprehensive studies have underlined the elevated risk of malignancies and radiation-related diseases, such as cataracts, brain and neck tumors, among those exposed to radiation. The need to address this critical gap in radiation protection is urgent.
The platform has secured CE/FDA registrations and regulatory approvals across key global markets, including Europe, Japan, and the US.
Texray currently offers two regulatory- approved products in its portfolio, used by over 1000 customers.
“There is a growing awareness of the risks associated with radiation exposure among healthcare professionals, and Texray stands as the sole provider of a radiation protection textile that combines optimal shielding with a comfortable design, setting new industry standards for safety and comfort. Their technology represents a critical leap forward in safeguarding the lives of those who dedicate themselves to the well-being of others. We believe in the Texray mission and are excited to be part of their journey,” says Tobias Elmquist, Senior Investment Director at Industrifonden.
Featured photo of Fredrik Gallerstedt, Inventor and founder, Texray, Tobias Elmquist, Senior Investment Director, Industrifonden, Petra Apell, CEO Texray, and Peter Wolpert, CEO Industrifonden