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Hedera Dx, based in Epalinges, Vaud, Switzerland, develops liquid biopsy cancer testing solutions for hospital laboratories, enabling blood-based tests to detect cancer and inform treatment options. The company has secured approximately €29 million in total funding, including a recent €15 million Series A round in 2024 led by Vsquared Ventures with participation from Tesi. Employing between 21 and 50 individuals, Hedera Dx's core offering is its Hedera Prime platform, a registered IVD medical device software. This platform is designed to simplify and streamline the adoption of minimally invasive tests for oncology and precision medicine within hospital lab workflows. The organization, which generates an estimated annual revenue of $2.57 million, was founded in 2021 by Tommi Lehtonen, Damien Lapray, and Christian Meisel.
Hedera Dx has raised $31.0M across 2 funding rounds.
Hedera Dx has raised $31.0M in total across 2 funding rounds.
Hedera Dx is a Swiss biotech startup founded in 2021 that develops liquid biopsy solutions for cancer diagnostics, enabling hospital labs to perform in-house blood-based tests for tumor profiling and treatment monitoring. The company builds CE-IVD compliant products like the Hedera Profiling 2 ctDNA test panel and Hedera Prime software, which use next-generation sequencing (NGS) to detect biomarkers such as single-nucleotide variants (SNVs), copy number variants (CNVs), insertions/deletions (indels), fusions, and microsatellite instability (MSI) in cell-free DNA (cfDNA).[1][2][4] It serves hospital laboratories and oncologists across Europe, solving the problem of limited access to precision cancer care by decentralizing sophisticated molecular testing from centralized labs, making it faster, cost-efficient, and logistically simpler—active in 11 countries with 20+ employees.[1][3][4] Growth momentum includes a €15M Series A in 2025 to scale operations and data infrastructure, plus proof-of-concept successes like MSI detection that derisked its roadmap.[2][3][5]
Hedera Dx was co-founded in 2021 by Tommi Lehtonen (CEO, genetics entrepreneur who scaled Blueprint Genetics and led at Quest Diagnostics), Damien Lapray (CCO, PhD with commercial experience at Sophia Genetics), and Christian Meisel (CMO, MD/PhD with 20+ years in oncology at Roche and Molecular Health).[1] The idea emerged from the founders' recognition that 1 in 3 people face cancer diagnosis, yet many lack timely access to optimal treatments due to centralized lab dependencies—particularly in Europe—prompting a mission to simplify liquid biopsies for hospital use.[1][3] Early traction came via seed funding (€14M in 2022) and rapid team growth to 20+ across Switzerland and Finland, with offices open for visits; pivotal moments include launching the first biomarker-guided solution and 2025 Series A to fuel global expansion.[1][3][5]
Hedera Dx rides the liquid biopsy wave—a transformational oncology trend shifting from invasive tissue biopsies to non-invasive blood tests for earlier detection, monitoring, and therapy selection amid rising personalized cancer treatments.[1][4] Timing aligns with Europe's decentralized health systems and regulatory pushes like CE-IVD, where logistical barriers block many patients from targeted therapies; market forces include surging demand for real-world evidence (RWE) and AI-driven insights as pharma develops next-gen drugs.[3] It influences the ecosystem by empowering local labs, generating RWE datasets for drug validation, and fueling biotech innovation—positioning as infrastructure for global precision oncology.[3]
Hedera Dx is primed to dominate decentralized cancer diagnostics, leveraging its €15M raise for commercial scaling in Europe and beyond, while expanding AI/RWE capabilities to partner with pharma on drug development.[3] Trends like AI-enhanced biomarkers, cfDNA advancements, and regulatory tailwinds for in-house testing will propel growth, potentially capturing share in a market where access gaps persist. Its influence may evolve from diagnostics provider to RWE powerhouse, democratizing precision care and accelerating therapies—cementing its role in simplifying life-saving cancer insights for hospitals worldwide.[3]
Hedera Dx has raised $31.0M across 2 funding rounds. Most recently, it raised $17.0M Series A in May 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2025 | $17M Series A | Vsquared Ventures | TOP Harvest Capital, Eyrir Ventures, Helsana HealthInvest, Inventure, Tesi | Announced |
| Sep 1, 2022 | $14M Seed | Adam Ghobarah | TOP Harvest Capital, Vsquared Ventures, AIR Street Capital, Amino Collective, GRIDS Capital, Inventure | Announced |
Hedera Dx has raised $31.0M in total across 2 funding rounds.
Hedera Dx's investors include Vsquared Ventures, Top Harvest Capital, EYRIR Ventures, Helsana HealthInvest, Inventure, Tesi, Adam Ghobarah, Air Street Capital, Amino Collective, GRIDS Capital.
