108 BioCapital invests $4m in SedMed
The investor leads a financing whose total size was not disclosed. SedMed is commercializing a non-electric toilet lift for people with limited mobility.
The lift mounts on an existing toilet and uses an adjustable gas spring to assist lowering and standing, avoiding an electrical connection or bathroom reconstruction. That installation approach allows the device to fit into existing care settings rather than requiring a purpose-built bathroom.
108 BioCapital says more than 40 hospital systems already use the product. Its discussion of demand in India concerns a potential future market, distinct from that reported hospital adoption.
What the funding supports
- Expand commercial distribution and channel partnerships
- Advance intellectual property portfolio
- Conduct additional hospital-based studies
SedMed
A non-electric toilet lift that helps people with limited mobility sit down and stand up, using adjustable gas-spring support on an existing toilet.
Company profile and funding history