Just in time for the start of the New Year we are happy to annouce that we successfully concluded a new funding round amounting to 3.6 million Euros. In addition to the seed investors Bayern Kapital and High-Tech Gründerfonds (HTGF), the international investment company Mulcan, life science venture capital investor Vesalius Biocapital, and Sana Kliniken AG, one of the top five hospital chains in Germany, are once again also on board.
Clear `yes` from the O&P industry to digitalization
We set out to revolutionize the O&P industry through our innovative Mecuris Solution Platform. This online platform represents a digital workshop, in which patient-specific prostheses and orthoses can be quickly and easily tailored and realised using 3D printing. The digital process chain behind it enables CPOs and users to co-create an aid optimized in terms of color, form and function.
Our primary goal was initially to familiarize orthopaedic professionals with the online platform to digitize traditional crafts - where sensibly possible and time-saving. Last year, we came much closer to this goal: "The development of Mecuris into a provider of digital algorithms is now clearly accepted by partners in orthopedic patient care as a step into the future. In order to consistently continue along this path and in view of the milestones achieved in 2019, all investors in the Serie-A round have decided, as planned, to continue to provide the company with the necessary resources," confirms our Chairman of the Advisory Board, industry expert Johannes Schneider-Littfeld. We would like to thank our investors for their continued trust and have big plans for this year.
In 2020, the orthotics sector will also become digital.
The funds we will use to increase market penetration of the European market and to expand our web-based platform in the field of orthotics, which is planned for the end of March. From then on, the Digital Prosthetic Workshop for the creation of individual prostheses will be supplemented by the Digital Orthotic Workshop. This will provide CPOs with a simple, intuitive and, above all, time-saving way of creating orthoses completely or using partial steps in a web-based workflow.
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