ThinkSono, a London, UK-based AI-powered medtech startup, secured £2.1 million in funding, bringing its total funding to nearly £5 million.
SaaS Investors
The round was led by id4 ventures, with participation from Brandenburg Kapital, Calm Storm Ventures, Dubai Angel Investors, CrowdCube, and Cur8 Capital, alongside several angel investors and vascular surgery clinicians.
Founded in 2014, Id4 Ventures is a venture capital investment firm based in Nicosia, Cyprus. The firm seeks to invest in early-stage companies operating in the marketplaces, platforms, and SaaS sectors across Europe.
ThinkSono Use of Funds
The company will use the funding to support achieving regulatory milestones and expanding its operations.
About ThinkSono
ThinkSono, founded in 2016 by Fouad Al Noor and Sven Mischkewitz, specializes in ultrasound AI guidance solutions. The company's flagship product, ThinkSono Guidance, streamlines the diagnostic process for Deep Vein Thrombosis (DVT). ThinkSono Guidance enables non-ultrasound-trained healthcare professionals to collect exam data rapidly, with exams usually completed in under 15 minutes. The company has achieved the Class IIb CE mark for its flagship product, allowing it to be sold in Europe.
ThinkSono has partnered with US healthcare institutions NYU Langone Health and Temple Health to expedite regulatory processes for FDA approval.
Funding Details
Company: ThinkSono GmbH
Raised: £2.1M
Round: Unknown
Funding Month: March 2024
Lead Investors: id4 ventures
Additional Investors: Brandenburg Kapital, Calm Storm Ventures, Dubai Angel Investors, CrowdCube, Cur8 Capital
Company Website: https://thinksono.com/
Software Category: Ultrasound AI Guidance Solutions
Source: https://siliconcanals.com/crowdfunding/thinksono-raises-2-4m/