As part of the second round of financing, the Foundation for Technology, Innovation and Research Thuringia (STIFT) and Sparkasse Jena-Saale-Holzland are investing in the Jena-based medical technology start-up Redwave Medical GmbH.
With its software, Redwave Medical aims to measure blood pressure in the aorta (“central blood pressure”) as well as the status of the arteries with the familiar arm cuffs. The central blood pressure is much better suited for the prognosis and therapy of high blood pressure than the previously measured blood pressure in the arm, as it directly affects important organs such as the heart, kidneys or brain. Central blood pressure is thus directly responsible for the risk of heart attack or stroke.
In addition to bm‑t beteiligungsmanagement thüringen gmbh and the business angel Dr. Gerhard Scheuch, both new investors complete the seed financing. With the capital now raised, Redwave plans to complete the invasive validation study and enter the market in 2019.
About Redwave Medical GmbH
Redwave Medical GmbH was founded on 05 May 2017 and specialises in biosignal analysis and medical algorithms. Currently, the company is developing the first algorithm for blood pressure cuffs that enables the determination of central blood pressure (in the aorta) and the checking of the entire arterial status at home.
About the Foundation for Technology, Innovation and Research Thuringia (STIFT)
STIFT supports, promotes and accompanies technology-oriented and innovative start-ups in Thuringia as part of the ThEx innovativ project. In addition, STIFT supports selected high-tech start-ups in the area of early-stage financing as a side investor. The focus here is on the degree of innovation of the start-up idea and the entrepreneurial potential. The regional focus of investments is Thuringia.
About Sparkasse Jena-Saale-Holzland
Sparkasse Jena-Saale-Holzland has been a strong and reliable partner in the Jena and Saale-Holzland region for more than 185 years. Thanks to the large branch network, the advisors are close to their customers and make important decisions quickly and directly on site. From current accounts to real estate brokerage and construction financing to corporate and commercial customer care, the Sparkasse offers everything from a single source. As an institution under public law, it is committed to the common good, to promoting the region’s economy and to the people who live here.
bm‑t beteiligungsmanagement thüringen gmbh (bm|t), based in Erfurt, is a subsidiary of the Thüringer Aufbaubank and the leading address for investments in Thuringia. bm|t currently manages eight funds with a total volume of around EUR 320 million, which invest in innovative companies in almost all sectors and in all phases of company development — both in the start-up and growth phases or in company succession situations. Currently, around EUR 100 million is available for early-stage projects, for growth companies and for established medium-sized and large companies in Thuringia’s SME sector.