{"id":1413,"date":"2021-01-19T12:19:10","date_gmt":"2021-01-19T11:19:10","guid":{"rendered":"http:\/\/localhost\/2021\/01\/19\/press-release-endo-tools-therapeutics-secures-e8-million-9-5m-in-series-d-funding-led-by-white-fund\/"},"modified":"2022-06-01T15:36:58","modified_gmt":"2022-06-01T13:36:58","slug":"press-release-endo-tools-therapeutics-secures-e8-million-9-5m-in-series-d-funding-led-by-white-fund","status":"publish","type":"post","link":"https:\/\/www.endotools.be\/us-en\/2021\/01\/19\/press-release-endo-tools-therapeutics-secures-e8-million-9-5m-in-series-d-funding-led-by-white-fund\/","title":{"rendered":"Press Release: Endo Tools Therapeutics secures \u20ac8 million ($9.5M) in Series D funding led by White Fund"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1413\" class=\"elementor elementor-1413 elementor-450\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element 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class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Press Release: Endo Tools Therapeutics secures \u20ac8 million ($9.5M) in Series D funding led by White Fund<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48d6828 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48d6828\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f7d5069\" data-id=\"f7d5069\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64814ba elementor-align-left elementor-widget elementor-widget-post-info\" data-id=\"64814ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-d9dfd61 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.endotools.be\/us-en\/2021\/01\/19\/\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>January 19, 2021<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd3fede elementor-widget elementor-widget-text-editor\" data-id=\"cd3fede\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Developing innovative, minimally invasive medical devices for gastroenterologists, company plans to seek regulatory clearance in the US and reimbursement in European countries<\/strong><\/p><p><strong>Gosselies, Belgium, January 19, 2021<\/strong> \u2013 Endo Tools Therapeutics (ETT), developers of advanced endoscopic medical devices for use by gastroenterologists, today announces the closing of a Series D funding round of \u20ac8 million ($9.5M), led by White Fund. The transaction is supported by new private investors and the existing investors (FPIM-SFPI, Epim\u00e8de, Chagral Invest and private investors).<\/p><p>ETT will use the Series D funding to submit a regulatory marketing submission for its medical devices to the Food and Drug Administration (FDA) in the US for soft tissue approximation. ETT also intends to seek further reimbursement within the EU. Lastly, the funding will help to continue R&amp;D efforts into new products and indications, collate evidence on device capabilities, develop a network of centres of excellence and grow and strengthen the organization.<\/p><p>\u201cWith the device\u2019s clinical performance \u2013 as outlined in published results by users in the EU over the last few years \u2013 we believe that our technology ideally fits patients\u2019 treatment pathways. Endo Tools Therapeutics affixed the CE mark to its first medical devices in the EU in 2015. Future FDA clearance will enable us to expand our coverage into the US market and seek wider adoption by healthcare professionals,\u201d said Alexandre Chau, CEO of Endo Tools Therapeutics.<\/p><p>Michel Baijot, chairman of White Fund, commented: \u201cWe are very pleased to lead this financing round involving FPIM-SFPI, Epim\u00e8de, Chagral Invest and other private partners and to count Endo Tools Therapeutics as a White Fund investment. Endo Tools Therapeutics\u2019 innovative technology could lead to changes in clinical practice. We believe that with the product in development, the impact on patients, the team in place and the market, this will translate into substantial economic value.\u201d<\/p><p><strong>About White Fund<\/strong><\/p><p>White Fund is an early-stage private equity fund entirely dedicated to the medical device sector. The financial strength of the fund is \u20ac20 million ($24.3M). Objective: to finance about ten of the most promising medtech projects. The targets are \u2018early-stage\u2019 companies, with at least a proof of concept of their technology and objective market traction indicators. White Fund aims to support the pre-commercialization stages of projects and the start of sales, with an exit target of five to seven years. The geographical scope of the investment is Belgium, without excluding the possibility of opportunities in neighbouring areas.<\/p><p><a class=\"style=color:blue;\" href=\"https:\/\/whitefund.be\/\">www.whitefund.be<\/a><\/p><p><strong>About Endo Tools Therapeutics<\/strong><\/p><p>Located in Gosselies, Belgium, Endo Tools Therapeutics S.A. (ETT) mission is to develop advanced, incisionless, minimally invasive medical devices for gastroenterologists to use with standard endoscopes.<\/p><p>The company targets indications that cannot be performed with standard gastroscopes, such as endoscopic suturing and tissue apposition, which can be used in a variety of procedures in the digestive tract such as bariatric interventions, Gastroesophageal Reflux Disease (GERD) or Endoscopic Full Thickness Resection (EFTR). Minimally invasive treatments can reduce hospitalization duration and aim to improve patient comfort. Results of bariatric procedures performed within studies with its soft tissue apposition devices were published in <a class=\"style=color:blue;\" href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0016510716304746\"><em>GIE <\/em>in 2017<\/a><a class=\"style=color:blue;\" href=\"https:\/\/www.endotools.be\/press-release-19-01-2021-endo-tools-therapeutics-secures-e8-million-9-5m-in-series-d-funding-led-by-white-fund\/#_ftn1\">[1]<\/a>, in <a class=\"style=color:blue;\" href=\"https:\/\/www.thieme-connect.com\/products\/ejournals\/abstract\/10.1055\/a-0630-1224\"><em>Endoscopy <\/em>in 2018<\/a><a class=\"style=color:blue;\" href=\"https:\/\/www.endotools.be\/press-release-19-01-2021-endo-tools-therapeutics-secures-e8-million-9-5m-in-series-d-funding-led-by-white-fund\/#_ftn2\">[2]<\/a> and in <a class=\"style=color:blue;\" href=\"https:\/\/gut.bmj.com\/content\/early\/2020\/10\/27\/gutjnl-2020-322026.info\"><em>Gut<\/em> in 2020<\/a><a class=\"style=color:blue;\" href=\"https:\/\/www.endotools.be\/press-release-19-01-2021-endo-tools-therapeutics-secures-e8-million-9-5m-in-series-d-funding-led-by-white-fund\/#_ftn3\">[3]<\/a>. More than 400 procedures (in the EMEA region) have already been performed with the company\u2019s devices. ETT is a spin-off from the Universit\u00e9 Libre de Bruxelles, Belgium.<\/p><p><a class=\"style=color:blue;\" href=\"https:\/\/www.endotools.be\/\">www.endotools.be<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6927b15 elementor-section-content-bottom elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6927b15\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b2aba13\" data-id=\"b2aba13\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fb36016 elementor-widget elementor-widget-text-editor\" data-id=\"fb36016\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Press and analysts contacts<\/strong><\/p><p>Andrew Lloyd and Associates<\/p><p>Amanda Bown \/ Celine Gonzalez<\/p><p><a class=\"style=color:blue;\" href=\"mailto:amanda@ala.com\">amanda@ala.com<\/a> \/ <a class=\"style=color:blue;\" href=\"mailto:celine@ala.com\">celine@ala.com<\/a><\/p><p>UK: +44 1273 675 100<\/p><p>US: + 1 617 202 4491<\/p><p>@ALA_Group<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-159a2f7 elementor-share-buttons--view-icon elementor-share-buttons--skin-minimal elementor-share-buttons--shape-circle elementor-grid-0 elementor-share-buttons--color-official elementor-widget elementor-widget-share-buttons\" data-id=\"159a2f7\" 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[&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1414,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-1413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-us-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Press Release: Endo Tools Therapeutics secures \u20ac8 million ($9.5M) in Series D funding led by White Fund - endotools<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.endotools.be\/us-en\/2021\/01\/19\/press-release-endo-tools-therapeutics-secures-e8-million-9-5m-in-series-d-funding-led-by-white-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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