Fiagon AG, a Hennigsdorf, near Berlin, Germany-based manufacturer of clinical navigation systems, raised $7.5m in funding.
Backers included Donghai Securities (Donghai) and the German Startups Group.
The company intends to use the funds to expand its product portfolio.
Led by CEO Dr. Timo Krüger and CTO Dr. Dirk Mucha, Fiagon is a manufacturer of clinical navigation systems leveraging proprietary “FlexSensor” technology.
The technology of Fiagon is already being used internationally – beyond Europe and also in the USA and China – covering maxillofacial surgery, as well as neuro and spinal surgery.
Along with the increase in capital, Fiagon is also expanding the strategic expertise on its supervisory board with:
– Dr. Olaf Schermeier, member of the executive board of Fresenius Medical Care AG & Co. KGaA.
– Dr. Clemens Scholz, Chief Executive of World of Medicine GmbH.
– Hua (Alex) Liu, General Manager International, Business Department Donghai Securities Ltd.