December, 11 2018 STIFT and Sparkasse Jena-Saale-Holzland invest in the blood pressure measurement of the future

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.

About bm|t

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.