Powerful Medical, a Bratislava, Slovakia-based medtech startup, raised €7.5 million in funding  

SaaS Investors 

The round consists of a €2.5 million grant and an additional €5 million investment from the European Innovation Council (EIC).   

Founded in 2020, the European Innovation Council is a venture capital firm based in Brussels, Belgium. The firm prefers to invest in the deep technology sector. The firm also is an accelerator and provides funding to startups.  

Powerful Medical Use of Funds 

The company plans to use the funding for commercialization plans.  

About Powerful Medical 

Founded in 2019 by Martin Herman, Dr. Robert Herman, Felix Bauer, Viktor Jurasek, and Simon Rovder, Powerful Medical is a company that provides a healthcare platform designed to support doctors with diagnosis and personalized treatment of cardiovascular diseases. The company's platform offers diagnosis reports, data collection, and personalized treatment plans using the integration of artificial intelligence and machine learning-based algorithms. Its AI-driven ECG platform, PMcardio, analyzes 12-lead ECG images. This platform, certified as a medical device, specializes in detecting acute heart attacks and 38 other cardiac abnormalities at the initial point of contact. 

Funding Details

Company: Power Medical s. r. o.  

Raised: €7.5M  

Round: Unknown                            

Funding Month: March 2024                

Lead Investors: European Innovation Council (EIC)  

Additional Investors:  

Company Website: https://www.powerfulmedical.com/   

Software Category: AI-powered ECG Interpretation Platform  

Source: https://siliconcanals.com/crowdfunding/powerful-medical-bags-7-5m/