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Nyxoah

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Implantable neurostimulator for treating obstructive sleep apnea

Mont-Saint-Guibert, BelgiumFounded 2009Health Tech & Medtech
Valuation $151M Market cap · 2026
Revenue $41M Latest reported FY
Total funding $50–100M Disclosed equity funding

About Nyxoah

Nyxoah SA is a medical technology company established in 2009, with its headquarters in Mont-Saint-Guibert, Belgium. The company was co-founded by Robert Taub, who currently serves as the Chairman of the Board. Nyxoah focuses on developing and commercializing solutions for Obstructive Sleep Apnea (OSA), the most common sleep-disordered breathing condition. The company's business model is centered on the sale of its primary product, the Genio® system, to hospitals, sleep clinics, and surgical centers. Revenue is generated directly from these sales in both European and U.S. markets.

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The company’s flagship product, the Genio® system, is a minimally invasive hypoglossal nerve stimulation (HGNS) therapy. It is designed for patients with moderate to severe OSA who have not been able to use or have failed traditional CPAP therapy. The system consists of a small, battery-free, and leadless neurostimulator that is implanted under the chin during a single-incision procedure. This implant delivers bilateral stimulation to the hypoglossal nerve, which controls tongue movement, to keep the upper airway open during sleep. Power and control for the implant are managed externally through a wearable activation chip that the patient applies under their chin at night, which can be connected to a smartphone app for tracking and adjustments.

Nyxoah has achieved significant regulatory milestones. The Genio® system received its European CE Mark in 2019, allowing for commercialization in Europe. In October 2021, it gained an expanded CE Mark to treat patients with Complete Concentric Collapse (CCC), a condition for which competitor therapies are often contraindicated. A major achievement occurred in August 2025, when the company received FDA approval to market the Genio system in the United States, based on positive results from its DREAM pivotal trial. The company completed two successful IPOs, first on Euronext Brussels in September 2020 and subsequently on NASDAQ in July 2021, to fund its clinical development and commercial expansion.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2009
Headquarters
Mont-Saint-Guibert, Belgium
Listing
IPO 2020
Employees
229
Open positions
3
Dealroom signal
92.3/100
Industry
Health
Sub-industry
Medical Devices
Sector
Health Tech & Medtech, Biotechnology, Neurology, Sustainable Development Goals, Sleeping, Horizon Europe, DT and LS, science-based
Technology
Hardware, Deep Tech
Business model
Marketplace & ecommerce
Client focus
b2b, b2c

Latest news

Press, funding announcements and product moves mentioning Nyxoah.

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO EQUITYOther financing Jun 2026 $95M Undisclosed
POST IPO CONVERTIBLEOther financing Dec 2025 $0 Heights Capital Management
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMargin
2026 $41M +273.3% −$77M -186.5%
2025 $11M +121.6% −$89M -808.2%
2024 $5M +4% −$60M -1207.8%
2023 $4.8M +41% −$45M -946.5%
2022 $3.4M +262% −$28M -834.5%
2021 $937K +1134.8% −$25M -2648.7%
2020 $76K −$13M -16482.6%
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Growth signals

Nyxoah website traffic

Latest recorded traffic for Nyxoah is 10K monthly website visits, up 6.4% over the last three months. Nyxoah's team grew 23.8% over the past year.

Latest monthly visits10K 3-month web change+6.4% 1-year team growth+23.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • European Innovation Council

Series A4 investors entered at this stage

  • Viralety Ventures
  • Gilde Healthcare
  • Wallonie Entreprendre
  • Heights Capital Management

Series B and later4 investors entered at this stage

  • Cochlear
  • ResMed
  • Robert Taub
  • European Investment Bank

Other known investors5 additional known investors

  • Andera Partners
  • Michael Goossens
  • Otium Capital
  • SFPIM
  • WE Venture
Team profiled 17 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
8 countries with
team presence
🇺🇸 United States54.1%
🇧🇪 Belgium27%
🇮🇱 Israel7.5%
🇩🇪 Germany6.3%
🇬🇧 United Kingdom2.5%
Top 5 of 8 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Nyxoah on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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