Jena-based Redwave Medical GmbH closed financing round of almost 1 million EUR
Redwave Medical GmbH, a specialist in bio-signal analysis, is pleased to announce the closing of its new financing round. Redwave´s excellent progress in the field of central blood pressure measurement and the company´s compelling pipeline convinced existing investors including the lead investor bm-t beteiligungsmanagement thüringen gmbh (bm|t), the experienced business angel Dr. Gerhard Scheuch, the Stiftung für Technologie, Innovation und Forschung (STIFT) and the Sparkasse Jena Saale-Holzland to increase their investment in the company. Additionally, Redwave was able to attract the Mittelständische Beteiligungsgesellschaft Thüringen mbH (MBG) as a new investor. The capital will enable the company to continue its growth, further technical development as well as the marketing and internationalization of the first algorithm “Antares”, which is already available on the market.
“Antares” enables the measurement of central (aortal) blood pressure and the determination of arterial age using a conventional upper arm cuff. The central blood pressure describes the pressure in the aorta, which directly affects the heart and many other vital organs. Thus, central blood pressure is directly responsible for the risk of heart attack or stroke and contributes to the accurate determination of a patient’s blood pressure as well as to optimal therapy. Experts are already recommending that therapy for high blood pressure be based on central blood pressure. With “Antares”, Redwave offers a product that will make this optimal therapy broadly available.
About Redwave Medical GmbH:
Redwave Medical GmbH develops and distributes customizable and intelligent “Medical Grade” algorithms for cardiovascular diagnostics, enabling integrated solutions and comparable results between home care and medical professionals. Redwave is active in the field of cardiovascular diagnostics with a focus on blood pressure measurement and pulse wave analysis.
About Mittelständische Beteiligungsgesellschaft Thüringen mbH (MBG):
Mittelstaendische Beteiligungsgesellschaft Thueringen mbH (MBG) is a strong partner for small and medium-sized enterprises and offers open or silent partnerships as equity capital for business start-ups, growth and succession. The MBG does not favor any specific economic sectors and provides its services for various industries and financing purposes.
About bm-t beteiligungsmanagement Thüringen gmbh (bm|t):
bm|t, based in Erfurt, is a subsidiary of Thüringer Aufbaubank and the leading address for equity investments in Thuringia, Germany. bm|t currently manages nine funds with a total volume of over 420 million euros and invests in innovative companies in nearly all sectors and in all phases of company development — from start-up and growth phases to buyouts and other succession cases.
About Foundation for Technology, Innovation and Research Thuringia (STIFT):
The STIFT supports, promotes and accompanies innovative technology-oriented and innovative business start-ups in Thuringia as part of the ThEx project. In addition, the STIFT supports selected high-tech start-ups in the field of early-stage financing as aninvestor. Here, the degree of innovation of the founding idea and the entrepreneurial potential are in the foreground of investment decisions. The regional focus of investments is in Thuringia, Germany.
About Sparkasse Jena-Saale-Holzland:
The Sparkasse has been rooted in Thuringia since 1828 and knows the wishes and objectives of the people and companies. As the largest regional financial partner, it is also important to the Sparkasse to ensure a better quality of life in the region: through the progressive digitalisation of its services, the expansion of its advisory services, public support programmes and financing. Supporting the economy, education, sport and culture through material and financial contributions is an important part of its role. For this reason, Sparkasse Jena-Saale-Holzland will continue to support business start-ups, thus laying the foundation for the jobs of the future. Recently, the Sparkasse, with the Business Angels Club Jena e.V., has established a platform for start-ups and private investors. The Sparkasse´s strong regional know-how is thus combined with excellent networks and is intended to support the region´s dynamic start-up scene.