Powerful Medical, an Aalst, Belgium-based medical device manufacturer, raised €7.5m in funding.
The round consisted of a grant of €2.5m and a follow-on investment of €5m from the European Innovation Council (EIC).
Led by CEO Martin Herman, Powerful Medical provides an AI-powered ECG interpretation platform, PMcardio, which is setting a new standard in cardiac diagnostics, enabling healthcare professionals to detect acute heart attacks, also known as occlusion myocardial infarction, along with 38 other cardiac abnormalities at the first point of contact. The certified medical device analyzes any image of a 12-lead ECG and compares it against millions of previous patient records, enabling early and precise diagnosis—a critical gap in current healthcare practices.
Commenting on the news, Martin Herman said: “This investment fuels our ambition to broaden our reach within the EU and pioneer entry into the US, a journey supported by early believers like Life Extension Ventures, Venture to Future Fund (backed by European Investment Bank), Zero Gravity Capital, and our partners at Civitta.”
FinSMEs
04/03/2023