Transylvania Angels Network

Oncochain, an oncology research platform, targets EUR 350,000 in equity crowdfunding

Oncochain, a data collection and analysis platform for oncology research, aims to raise 200,000 euros through equity crowdfunding on SeedBlink, the largest platform dedicated to technology startups in Southeast Europe. The total value of the financing is 350,000 euros, the round being led by the Cleverage VC investment fund. The listing takes place tomorrow, October 13, at 10 AM.

Oncochain is a startup launched in Timișoara at the beginning of 2019 by the couple Mădălin Margan (32 years old) and Roxana Margan (32 years old), both being doctors specialized in obstetrics-gynecology. Data collected from daily clinical practice are provided to oncology health professionals, research institutes, and pharmaceutical companies in the form of statistical analyzes. The statistics are anonymous and aims to generate information that can guide research and increase the quality of medical services.

The total round of financing is worth 350,000 euros, of which 200,000 euros are targeted through equity crowdfunding on SeedBlink, and 100,000 are invested by the digital health fund Cleverage Venture Capital. For completing this financing round there is also significant interest in investing from the business angels Growceanu and us, Transilvania Angels Network.

Since its launch, Oncochain has received investments of approximately € 80,000: the investment of the co-founders, European funds, grants from companies and a business angel.

For more details please see here