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04-May-2021

Pulsify Medical closes second round Series A funding of EUR 5.4 million for wearable ultrasound heart monitor patch

Pulsify Medical closes second round Series A funding of EUR 5.4 million for wearable ultrasound heart monitor patch

Pulsify Medical is developing wearable ultrasound patches to monitor vital human organs such as the heart. The company has announced the second closing of the Series A funding round with EUR 3.75 million in equity and EUR1.65 million as a non-dilutive grant. 

Leuven, Belgium, 4 May 2021 - Pulsify Medical is a digital medical technology company developing wearable ultrasound patches which will monitor vital organs in real-time. The new and disruptive technology will address a serious unmet need for continuous cardiac monitoring in ICUs, hospitals, and homes across the world. 

Today, the company announced the second closing of their first funding round, having raised an additional EUR 3.75 million in equity bringing the total of the series A to EUR 6.35 million. Investors in the first Series A closing imec.xpand, KU Leuven and University Hospitals Leuven are joined by PMV, the Gemma Frisius Fund and imec. The company also secured a non-dilutive research grant of EUR 1.65 million from the Flanders Innovation and Entrepreneurship Administration (VLAIO).

Pulsify Medical continues to build on unique and IP-protected technology, combining imec’s unique flexible ultrasound transducer technology with KU Leuven’s world-class expertise in cardiac ultrasound imaging algorithms to build ‘the Smart Patch’.

The Smart Patch: changing lives of heart disease patients

Pulsify Medical aims to build a smart and flexible ‘Smart Patch’ containing thousands of sensors that monitor a variety of health parameters. The patch will be developed to reveal critical data about a patient’s cardiac health, such as changes in heart function. The information is relayed to both patients and physicians, in order to enable earlier medical intervention and prevention of an adverse cardiac event should an anomaly be detected.

Chris Japp, independent chairman of the Board of Directors: “Pulsify Medical has assembled an expert team with the mission of transforming cardiac healthcare through real-time remote ultrasound monitoring.  By combining new breakthroughs in ultrasound technology with the convenience and benefits of a wearable medical device, Pulsify Medical has the potential to significantly improve the lives of patients worldwide.”

Diane Lejeune, Business Manager, MedTech and eHealth, PMV: “Thanks to first-class technology and knowledge originating from Flemish strategic research centers, and a very experienced internal team, Pulsify Medical works on building products aiming to change the way heart function is being monitored, thereby improving care and allowing shorter hospital stays. We are convinced that such goals will have a tremendous impact in the ICUs and hospitals, not only in Flanders but worldwide, and are therefore delighted to join the group of investors supporting Pulsify Medical.”

Iwan van Vijfeijken, CEO of Pulsify Medical: “Cardiovascular diseases are the number one cause of death globally. Continuous cardiac monitoring and early warnings can save lives and improve health outcomes, which is our biggest motivator at Pulsify Medical. I’m proud to say that we’ve made great progress since our start in 2019: the team has optimized the algorithms that analyze the enormous datasets obtained during monitoring, and the patch has been designed to accommodate patients’ mobility as much as possible while accurately monitoring cardiac performance. This creates valuable information for patients and doctors that can be used to keep patients safe.”

Steve Stoffels, VP Technology of Pulsify Medical: “Ultrasound technology produces images with inimitable details, revealing critical information about a patient’s health. However, ultrasound monitoring tools aren’t yet widely available in hospital ICU’s, let alone in ambulatory settings like the home. Pulsify Medical will change this, allowing for better monitoring of vital organs as well as an improved patient experience.”

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Last Updated: 04-May-2021