BlueOcean Ventures sells its stake in Distal Motion

BlueOcean was an early investor in Distal Motion SA since 2013. Faris Sabeti, General Partner and Co-Founder of BlueOcean Ventures declared: “BlueOcean’s interest have been sold against a 100 percent payment, allowing BlueOcean’s investors to achieve a healthy return on their investment within a period of five years”. The shares were sold to existing investors of Distalmotion.

Distal Motion SA, based in the biopole of Epalinges near Lausanne, Switzerland, is developing ‘Dexter’, a robotic surgery device combining the affordability of a laparoscopy with the benefits of robotic solutions. Distal Motion is a spin-off from the Laboratoire de Systèmes Robotiques (LSRO) Group, headed by Prof. Hannes Bleuler at EPFL.

BlueOcean Ventures invests in early stage medical device and life science companies since 2008. The four General Partners of BlueOcean Ventures, Faris Sabeti, Emmanuel de Watteville, Sacha Haymoz and Thomas Zehnder, have a long-standing track record in building, managing and coaching start-up companies. BlueOcean Ventures supports its portfolio companies with a large network of experts and industry contacts.