Smart Reporting Raises €23M in Series C Funding

Smart Reporting, a Munich, Germany-based company which specializes in the field of medical reporting, raised €23M in Series C funding.

TVM Capital Life Science made the investment. Dr. Hubert Birner, Managing Partner at TVM, will join the Smart Reporting Board of Directors, and Stefan Fischer, Managing Partner (Finance), will serve as a Board Observer. 

The company intends to use the funds to expand international partnerships and product development and, in particular, to strengthen its market presence in the US, Canada, Australia and New Zealand.

Founded by Wieland Sommer, Smart Reporting is medical reporting company focused on radiology and pathology. The company’s medical documentation technology – “SmartReports” – delivers high-quality data in real-time and at any scale. This software offers a fully voice-controlled and data-driven documentation solution for doctors that forms the basis for workflow automation and machine-readable data. In addition, Smart Reporting recently intensified its partnership with Solventum (formerly 3M Health Information Systems), one of the market leaders in the field of radiology reporting in North America, to further strengthen its presence in international markets. The collaboration provides customers access to additional technologies and innovation that will make radiology reporting even more time-efficient and data-driven. The software is distributed internationally via major healthcare IT partners, including Siemens Healthineers, GE Healthcare and Canon. Today, the company has an interdisciplinary team of more than 80 doctors, data scientists and software engineers from Germany, Austria, Switzerland and Brazil who develop software based on their detailed understanding of clinical workflows. Its multilingual software for structured diagnostics in radiology and pathology is used by more than 16,000 physicians in over 90 countries.