Hermes Biosciences

Hermes Biosciences

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Private Company

Total funding raised: $58M

Overview

Hermes Biosciences is a private, pre-revenue platform company commercializing the EVoE System, an automated benchtop instrument for isolating extracellular vesicles. The technology, licensed from Stanford University and based on the ExoTIC (exosome total isolation chip) nanofiltration method, is designed to overcome the yield, purity, and reproducibility challenges that have hindered EV research and therapeutic development. With a recently closed seed funding round, the company is positioned to scale its technology to accelerate biomarker discovery and the development of EV-based diagnostics and therapeutics, targeting a significant and growing market in precision medicine.

OncologyDegenerative DiseasesRegenerative Medicine

Technology Platform

EVoE System: An automated, benchtop platform using nanofiltration-based cartridges (based on the ExoTIC technology from Stanford) for high-yield, high-purity isolation of extracellular vesicles (exosomes) from biological fluids and cell culture media.

Funding History

3
Total raised:$58M
Series C$30M
Series B$20M
Series A$8M

Opportunities

The exploding interest in extracellular vesicles for liquid biopsy diagnostics and as next-generation drug delivery vehicles creates a massive and immediate need for standardized, high-performance isolation tools.
Hermes's automated platform is well-positioned to capture significant share in the research tools market and become an enabling technology for companies developing clinical EV applications.

Risk Factors

The company faces intense competition in the EV isolation space and must prove its technology is superior and reliable enough to displace established methods.
As a pre-revenue startup, it is also dependent on securing follow-on funding to achieve full commercialization and scale, with market adoption not guaranteed.

Competitive Landscape

Hermes competes with numerous companies offering EV isolation kits (e.g., from System Biosciences, Qiagen, Thermo Fisher) based on precipitation, affinity, or ultracentrifugation principles, as well as other microfluidic startups. Its key differentiators are the claimed combination of full automation, high yield, and preservation of vesicle integrity using its proprietary nanofiltration approach.