STARTUP PROFILE

Nyxoah

COUNTRY
Belgium
FOUNDED
2009
CATEGORY
Neuromodulation
Developing an implantable neuromodulation system to treat obstructive sleep apnea by stimulating the hypoglossal nerve.
Visit website →
Market Notes · Biweekly

Track this company

Funding, launches and regulatory moves across the neurotech startup map.

Subscribed. Check your inbox to confirm.

•
Neurofounders Insights
$   Funding   -
Public
MODALITY
Nerve stimulator
FORM FACTOR
Implant
INTERFACE DEPTH
Implantable
INDICATION
Sleep
TARGET USER
Patients
REGULATORY STAGE
FDA approved (PMA)
Nyxoah is an established public neuromodulation company in sleep apnea, using hypoglossal nerve stimulation to compete with other implantable airway therapies. Its scale and maturity place it well beyond startup stage, even if it sits somewhat outside core neurotechnology themes.
•
Mentioned in Market Notes
MOST RECENT COVERAGE
#
9
BCI Shows its Value
1 September – 15 September 2026

Nyxoah reported that its ACCCESS pivotal study met its primary safety and efficacy endpoints in patients with complete concentric collapse, a form of obstructive sleep apnea excluded from competing nerve-stimulation therapies. Across 47 patients, Genio achieved a 77.2% responder rate on the apnea-hypopnea index, with no device-related serious adverse events. The leadless, battery-free implant stimulates both sides of the hypoglossal nerve to keep the airway open during sleep. Nyxoah is preparing an FDA submission to expand Genio's US indication and has separately begun its BREATHE post-approval study.

#
3
The Big June Data Dump
9 June – 23 June 2026

Nyxoah completed approximately $110M in June financing, combining a $95M equity raise with a €13.8M second tranche from its European Investment Bank loan facility. The capital addresses a pressing funding need. As of March 31st, the company held €25.9M in cash against a quarterly operating loss near €20M, with management flagging going-concern doubt and a runway extending only into Q3 2026. The new financing is aimed primarily at the US commercial launch of Genio, its hypoglossal nerve stimulation system for obstructive sleep apnea, which received FDA approval in August 2025.

Articles featuring
Nyxoah