# VarmX funding: rounds and investors

> VarmX has raised $25M across 2 rounds since 2018. Investors include EIC Accelerator, EQT Life Sciences and InnovationQuarter. Every round with its source.

Source: https://millionrounds.com/company/varmx (Millionrounds; every figure on the page links to its filing or article)

Netherlands · [Venture startup](https://millionrounds.com/companies)

# Who invested in *VarmX*

2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech Healthcare Manufacturing

Funding summary Updated 26 Oct 2026

**$25M** raised across 2 rounds since 2018, from 2 sources

**$8.7M** Series A **$16M** Venture

- **Latest round:** Venture, $16M Feb 2025
- **Step-up i:** 1.8×
- **Investors:** 4

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024 2025

**$8.7M** Series A

**$16M** Venture

- **First round:** Series A, $8.7M
- **Biggest round:** $16M
- **Between rounds:** 6.6 years

## The rounds

- **Feb 2025** Venture **$16M** *2 new* [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [EQT Life Sciences](https://millionrounds.com/fund/eqt-life-sciences) Source recorded
- **Jul 2018** Series A **$8.7M** *2 new* [InnovationQuarter](https://millionrounds.com/fund/innovation-quarter) [BioGeneration](https://millionrounds.com/fund/biogeneration) Reported by FinSMEs

## Founders and team

From VarmX's own website: 6 on the team.

- **John Glasspool** Chief Executive Officer
- **Ged Short** Chief Medical Officer
- **Martijn Negen** Chief Operating Officer
- **Paul Roos** Chief Financial Officer
- **Daniël Verhoef** Director of Research
- **Jan Öhrström** Chairman

Advisers *Pieter Reitsma*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2018 **Venture** 2025 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) [EQT Life Sciences](https://millionrounds.com/fund/eqt-life-sciences) [InnovationQuarter](https://millionrounds.com/fund/innovation-quarter) [BioGeneration](https://millionrounds.com/fund/biogeneration)

## Everyone who backed them

[EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Government **1** round

[EQT Life Sciences](https://millionrounds.com/fund/eqt-life-sciences) VC firm **1** round

[InnovationQuarter](https://millionrounds.com/fund/innovation-quarter) Government **1** round

[BioGeneration](https://millionrounds.com/fund/biogeneration) Investment firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=varmx).

## Quick answers about VarmX

### Who invested in VarmX?

VarmX's investors include EIC Accelerator, EQT Life Sciences, InnovationQuarter and BioGeneration.

### How much has VarmX raised?

VarmX has raised $25M across 2 rounds since 2018.

### When did VarmX last raise?

VarmX's most recent round was a Venture of $16M in Feb 2025.

### What was VarmX's biggest round?

Its most recent round, $16M in Feb 2025, is also its largest on record.

### Who backed VarmX first?

VarmX's first round on record, in Jul 2018, was backed by InnovationQuarter and BioGeneration.

### What stage is VarmX at?

VarmX's latest named round is a Venture, in Feb 2025.

### Where is VarmX based?

VarmX is based in the Netherlands.

## Companies like VarmX

In the same sector, and raised in the last eighteen months.

[**Cordys Analytics** $942K · Sept 2026](https://millionrounds.com/company/cordys-analytics)[**Morphotonics** $57M · Sept 2026](https://millionrounds.com/company/morphotonics)[**Phosphoenix** $1.8M · Sept 2026](https://millionrounds.com/company/phosphoenix)[**UCANACT** $923K · Sept 2026](https://millionrounds.com/company/ucanact)[**Whispp** $5.7M · Jul 2026](https://millionrounds.com/company/whispp)[**Invisix** $24M · Jun 2026](https://millionrounds.com/company/invisix)

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