University of Galway spin-out cancer treatment company to create 30 new jobs after raising $15m

A University of Galway spin-out company is creating 30 new jobs after raising 15 million dollars

Luminate, based in Ballybrit, aims to help deliver cancer treatment at home, and the Series A investment is the equivalent of over 13 million euro.

The funding comes after the first-in-patient clinical trials of the company’s devices to prevent hair loss and peripheral neuropathy in chemotherapy patients showed successful results.

30 jobs are being created at the company’s Galway base as it prepares to launch in the US next year.

Luminate was founded in 2018 by Aaron Hannon, Dr Barbara Oliveira and Professor Martin O’Halloran – who were working as medical device researchers at the University of Galway