UK-based ALung Technologies closes $36 million Series C financing round

UK-based ALung Technologies, which develops technologies for patients suffering from respiratory failure, has closed a $36 million Series C financing round. The round was led by Philips and UPMC, with participation from new and existing investors including Abiomed, The Accelerator Fund, Allos Ventures, Birchmere Ventures, Blue Tree Ventures, Eagle Ventures, Riverfront Ventures, West Capital Advisors, and other individual investors.

German digital health insurer Ottonova raises €15 million

Ottonova, Germany’s first online insurance provider, has received an investment of €15 million from Holtzbrinck Ventures, Vorwerk Ventures, Tengelmann Ventures, b-to-v and STS Ventures, reports Deutsche Startups. Tengelmann Ventures contributed €4 million in the insurtech company.

Women’s health tech startup Elvie raises $6 million in new funding

Elvie, a women’s health tech startup based in the UK, has raised $6 million in a Series A round from Octopus Ventures with participation from AllBright. Previous investors that also took part in the round include Lars Rasmussen, Google Maps founder; Michael Spencer, iCap founder; Nicole Junkermann, NJF Capital founder; and Alexandra Chong, Lulu founder. […]

Israeli medtech startup EyeYon raises $6.5 million for its synthetic corneas

Israeli medical equipment company EyeYon Medical announced that it has completed a Series B financing round of $6.5 million. The round was led by the Chinese fund Rimonci Capital, a joint venture representing China’s largest private ophthalmology network, and the Chinese distribution company Gauss Medical. Previous investors TriVentures and Pontifax also participated in the round. The company’s total investments now amount to $10 million.

Northern Ireland’s BrainWaveBank raises £1 million for its brain health tracking tech

Northern Irish health tech startup BrainWaveBank has raised investment of £1 million. Investors include Angel CoFund and techstart NI providing equity-based funding and Innovate UK and Invest Northern Ireland providing grants. BrainWaveBank, based in Belfast, builds data tools for analysing brain health, namely conditions like dementia. It has created a wearable that pairs with a […]

Israeli medtech company Laminate Medical raises $8 million for dialysis device

Israeli biomedical startup Laminate Medical Technologies has raised $8 million in Series B financing. The firm has now raised $13 million to date. Several European funds took part in the current round, as did the Chinese pharmaceutical giant Haisco. The company’s existing investors include private investors Nava and Yehuda Zisapel, Zohar Gilon, Eri Steimatzky, Henit Vitos, and Ari Raved.