Established in 2014, following the 2012/2013 BioInnovate Program, Kite Medical was founded by Sarah Loughney to develop a pain-free test to detect kidney reflux in children.
In April 2018, Kite Medical announced the closure of a €1.5m investment round, comprising a mix of Enterprise Ireland High Potential Start Up (HPSU) investment and private equity investment. Private investors include members of the Halo Business Angel Network (HBAN) MedTech Syndicate Nominees Ltd, in addition to the Western Development Commission. Funding has also been provided by international venture capital firm SOSV from its Ireland fund, which is backed by Enterprise Ireland. Sarah and her team continue to work diligently towards commercialisation.
- Established: 2014
- Funding: €1.9 million
- Status: Towards Commercialisation