October, 13 2020 Jena-based Redwave Medical GmbH closed financing round of almost 1 million EUR

Red­wave Med­ical GmbH, a spe­cial­ist in bio-sig­nal analy­sis, is pleased to announce the clos­ing of its new financ­ing round. Redwave´s excel­lent progress in the field of cen­tral blood pres­sure mea­sure­ment and the company´s com­pelling pipeline con­vinced exist­ing investors includ­ing the lead investor bm‑t beteili­gungs­man­age­ment thürin­gen gmbh (bm|t), the expe­ri­enced busi­ness angel Dr. Ger­hard Scheuch, the Stiftung für Tech­nolo­gie, Inno­va­tion und Forschung (STIFT) and the Sparkasse Jena Saale-Hol­z­land to increase their invest­ment in the com­pany. Addi­tion­ally, Red­wave was able to attract the Mit­tel­ständis­che Beteili­gungs­ge­sellschaft Thürin­gen mbH (MBG) as a new investor. The cap­i­tal will enable the com­pany to con­tinue its growth, fur­ther tech­ni­cal devel­op­ment as well as the mar­ket­ing and inter­na­tion­al­iza­tion of the first algo­rithm «Antares», which is already avail­able on the market.

«Antares» enables the mea­sure­ment of cen­tral (aor­tal) blood pres­sure and the deter­mi­na­tion of arte­r­ial age using a con­ven­tional upper arm cuff. The cen­tral blood pres­sure describes the pres­sure in the aorta, which directly affects the heart and many other vital organs. Thus, cen­tral blood pres­sure is directly respon­si­ble for the risk of heart attack or stroke and con­tributes to the accu­rate deter­mi­na­tion of a patient’s blood pres­sure as well as to opti­mal ther­apy. Experts are already rec­om­mend­ing that ther­apy for high blood pres­sure be based on cen­tral blood pres­sure. With «Antares», Red­wave offers a prod­uct that will make this opti­mal ther­apy broadly available.


About Redwave Medical GmbH

Red­wave Med­ical GmbH devel­ops and dis­trib­utes cus­tomiz­able and intel­li­gent «Med­ical Grade» algo­rithms for car­dio­vas­cu­lar diag­nos­tics, enabling inte­grated solu­tions and com­pa­ra­ble results between home care and med­ical pro­fes­sion­als. Red­wave is active in the field of car­dio­vas­cu­lar diag­nos­tics with a focus on blood pres­sure mea­sure­ment and pulse wave analysis.

About Mittelständische Beteiligungsgesellschaft Thüringen mbH (MBG)

Mit­tel­staendis­che Beteili­gungs­ge­sellschaft Thuerin­gen mbH (MBG) is a strong part­ner for small and medium-sized enter­prises and offers open or silent part­ner­ships as equity cap­i­tal for busi­ness start-ups, growth and suc­ces­sion. The MBG does not favor any spe­cific eco­nomic sec­tors and pro­vides its ser­vices for var­i­ous indus­tries and financ­ing purposes.

About bm‑t beteiligungsmanagement Thüringen gmbh (bm|t)

bm|t, based in Erfurt, is a sub­sidiary of Thüringer Auf­baubank and the lead­ing address for equity invest­ments in Thuringia, Ger­many. bm|t cur­rently man­ages nine funds with a total vol­ume of over 420 mil­lion euros and invests in inno­v­a­tive com­pa­nies in nearly all sec­tors and in all phases of com­pany devel­op­ment — from start-up and growth phases to buy­outs and other suc­ces­sion cases.

About Foundation for Technology, Innovation and Research Thuringia (STIFT)

The STIFT sup­ports, pro­motes and accom­pa­nies inno­v­a­tive tech­nol­ogy-ori­ented and inno­v­a­tive busi­ness start-ups in Thuringia as part of the ThEx project. In addi­tion, the STIFT sup­ports selected high-tech start-ups in the field of early-stage financ­ing as anin­vestor. Here, the degree of inno­va­tion of the found­ing idea and the entre­pre­neur­ial poten­tial are in the fore­ground of invest­ment deci­sions. The regional focus of invest­ments is in Thuringia, Germany.

About Sparkasse Jena-Saale-Holzland

The Sparkasse has been rooted in Thuringia since 1828 and knows the wishes and objec­tives of the peo­ple and com­pa­nies. As the largest regional finan­cial part­ner, it is also impor­tant to the Sparkasse to ensure a bet­ter qual­ity of life in the region: through the pro­gres­sive dig­i­tal­i­sa­tion of its ser­vices, the expan­sion of its advi­sory ser­vices, pub­lic sup­port pro­grammes and financ­ing. Sup­port­ing the econ­omy, edu­ca­tion, sport and cul­ture through mate­r­ial and finan­cial con­tri­bu­tions is an impor­tant part of its role. For this rea­son, Sparkasse Jena-Saale-Hol­z­land will con­tinue to sup­port busi­ness start-ups, thus lay­ing the foun­da­tion for the jobs of the future. Recently, the Sparkasse, with the Busi­ness Angels Club Jena e.V., has estab­lished a plat­form for start-ups and pri­vate investors. The Sparkasse´s strong regional know-how is thus com­bined with excel­lent net­works and is intended to sup­port the region´s dynamic start-up scene.