Floy Closes €5.4 Million in Seed Round

by Kay Aloha Villamor in November 27th, 2023

Floy, a Munich, Germany-based AI company focusing on empowering radiologists for improved diagnostics, has closed a €5.4 million seed funding, bringing its total fundraising to €8.8 million since its inception in summer 2021.  

SaaS Investors  

The round was led by HV Capital, with participation from All Iron Ventures and existing investors such as 10xFounders, xdeck ventures, SB21, and reputable angel investors.   

Founded in 2000, HV Capital is a venture capital firm based in Munich, Germany. The firm prefers to invest in companies operating in the fintech, B2B, e-commerce, enterprise, travel, education, mobility, healthcare, and retail sectors.  

Floy Use of Funds  

The funds will be used for developing new AI products and expanding across the EU and the US.  

About Floy  

Founded in 2021, Floy is a healthcare company that helps radiologists detect difficult-to-see abnormalities. Floy utilizes AI technology to help doctors extract additional insights for early disease detection from the valuable information contained in each scan. The company partners with radiologists, offering its AI as a self-pay service to patients. Its mission is to promote patient well-being through innovative technologies in radiology.  

Funding Details            

Company: Floy GmbH  

Raised: €5.4M  

Round: Seed Round  

Funding Month: November 2023            

Lead Investors: HV Capital  

Additional Investors: All Iron Ventures and existing investors such as 10xFounders, xdeck ventures, SB21

Company Website: https://en.floy.com/   

Software Category: Radiology Diagnostics 

Source: https://tech.eu/2023/11/24/floy-s-ai-solution-for-radiology-diagnostics-secures-5-4m-seed-funding/  




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