Mason medical device startup raises $1.2M in seed money


Genetesis, a Mason-based medical device start-up that has developed a non-invasive tool to help physicians see the electrical activity that makes a heart beat, recently raised $1.2 million in its first round of seed financing.

The effort was led by CincyTech and billionaire businessman and investor Mark Cuban’s Radical Investments. Other participants included LOUD Capital, Danmar Capital, Wilson Sonsini Investment Company, Genetesis management and private angels.

The widely used electrocardiogram — ECG or EKG — provides a snapshot of heart rate and rhythm during the test, but does not reflect many underlying problems that may exist when a patient is not experiencing symptoms.

CardioFlux gives physicians 3-D mapping tools to understand each patient’s underlying electrical activity, which can potentially be used to diagnose, characterize, and guide treatment for a variety of cardiac disorders including myocardial ischemia, atrial fibrillation, ventricular tachycardia and a variety of other cardiac arrhythmias.

“CincyTech was attracted to this opportunity by the entrepreneurial verve of the team and their ability to very rapidly generate meaningful clinical data to validate the technology and the market,” John Rice, CincyTech’s director of life sciences, said in the company’s statement. “We believe the Genetesis technology can be expanded beyond the cardiac market to the sizable market of magnetic brain imaging.”

Genetesis was founded in Mason in 2013 and employs 10 people. It will use the funding to scale its engineering, launch additional clinical studies and seek regulatory clearance from the FDA.

“The Genetesis technology opens broad new commercial markets for what has, for decades, been primarily a research tool. For millions dealing with the risks and anxiety of arrhythmias, atrial fibrillation and other cardiac diseases, this is a game changer,” Cuban said in a statement.

Genetesis co-founder and CEO Peeyush Shrivastava presented findings Nov. 15 at the American Heart Association Scientific Sessions. The data was collected in collaboration with Mayo Clinic, he said in a statement.

“These results demonstrate promising improvements for the noninvasive detection of ischemia in patients with high-risk chest pain, as compared to tools available in the emergency room today,” Shrivastava said.


Reader Comments ...


Next Up in Business

3 things to know about Amazon and Kohl’s new partnership
3 things to know about Amazon and Kohl’s new partnership

Kohl’s will partner with Amazon to offer free, convenient returns for Amazon customers in stores. Here’s what you need to know: 1. The retail store announced that 82 stores across Los Angeles and Chicago will offer free returns for Amazon customers starting in October. Kohl’s will “pack and ship eligible Amazon return items...
August home sales dip in Dayton region
August home sales dip in Dayton region

August sales of single-family homes and condominiums dipped slightly in the Dayton region compared to last year at the same time, the Dayton Area Board of Realtors reported Wednesday.. The number of homes sold in the Miami Valley dipped less than one percent — just 12 units — from August 2016 posted figures, the board reported. However...
8 side hustles you can start with almost no money
8 side hustles you can start with almost no money

Dreaming about starting your own business?  Don't let your hopes sink just because you're low on financial resources.There are many businesses you can start inexpensively, according to the Balance, a personal finance website. "Some can be started for nothing if you already have the equipment."Such businesses can offer a good living...
New low-cost flight added at local airport
New low-cost flight added at local airport

Frontier Airlines has added another low-cost flight destination to the Cincinnati/Northern Kentucky Airport. The low-cost carrier launched nonstop service to San Jose, California — bringing the total destination served from CVG to 20, the airline announced. The new route will be served with Airbus A320 aircraft. » WOW air expands in Ohio...
Kohl’s to partner with Amazon: What you need to know
Kohl’s to partner with Amazon: What you need to know

Kohl’s will partner with Amazon to offer free, convenient returns for Amazon customers in stores. The retail store announced that 82 stores across Los Angeles and Chicago will offer free returns for Amazon customers starting in October. Kohl’s will “pack and ship eligible Amazon return items for free, providing an additional service...
More Stories