Finnish startup Surgify Medical has raised €1.4 million to bring its safer surgical drill to market. The funding came from Innovestor Ventures, Swedish investor Peter Lindell and Finnish angel investor and healthcare entrepreneur Leena Niemistö, as well as existing backers from previous rounds.
Founded in Espoo in 2017, the startup says its device helps prevent nerve and blood vessel injuries caused by other drills during bone surgeries, ultimately saving lives. In addition to various procedures in the head, neck and spine, the technology can be used in dental procedures and even in surgical robotics.
Patents and pre-clinical trials were all successful. The Nordic company received sales approval for its product in May, and CEO Visa Sippola says leading hospitals in the US and Europe are already interested.
For now, focus is on production. Then Surgify hopes to supply hospitals in Finland and throughout the Nordics next year, expanding to international markets after that.
“Despite long development cycles in the medical industry, we believe that our work will pay off and that we have a good foundation for building a global business,” Sippola said.
Photo: Surgify team