Predichteon attracts private equity. The Spanish company has closed its first financing round of $1.02 million (€840,000) led by Clave. The company specializes in the development of software solutions for real-time prediction of changes in patient status, as well as clinically relevant adverse events.
The startup will use the funds to complete the regulatory process in Europe and the United States for its first products and to complete the ongoing clinical validation. The transaction was led by the University of Navarra’s R&D&I technology transfer fund, under the management of Clave.
The round has been coordinated by the strategic and corporate finance consulting firm, Inveniam Group, with the participation of international and medical investors. The deal will also help the company pave the regulatory path for further developments and consolidate the workforce with the aim of reaching its first sales in 2022.
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Predichteon expects to reach its first sales in 2022
“With the confidence of our investors we will be able to consolidate the project by commercializing the first pack of software solutions and the evolution of new lines of development,” said Pedro Gambús, co-founder and CEO of the company. “Predichteon will contribute to improving clinical practice and patient safety by adding a new dimension to monitoring systems, based on real data and predictive analytics.”
“We have invested in Predichteon because of the significant value that its products offer for both the patient and the physician,” explained Santiago Lozano, director of the University of Navarra’s R&D&I technology transfer fund. The fund and the venture capital manager currently accumulate a total of fifteen transactions in technology transfer for the healthcare field, with the support of FondICO Global and other investors in the sector.
A spin-off of the Hospital Clínica de Barcelona, the University of Navarra, and the University of San Buenaventura de Cali, the company has so far received funding from the EIT Health Headstart program, the Caixa Impulse program of the La Caixa Foundation, Acció and the health research fund of the Ministry of Health.
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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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