Avatar Medical, a MedTech company that converts medical images into patient-specific avatars, has raised EUR 5 million (~USD 5.4 million) in a seed funding round led by GO Capital, with participation from Acorn Pacific Ventures, Plug and Play, Rives Croissance, Cenitz, and a group of 15 surgeons and radiologists.
The capital raised is intended for Avatar Medical's venture into commercialization, specifically in the US and European markets. It will also aid in accelerating the development of the company's product, AvatarCloud.
Analyst QuickTake: The round follows Avatar Medical raising EUR 2.5 million (~USD 2.7 million) in February 2023 via a European Innovation Council (EIC) Accelerator grant. The company also received FDA clearance for its VR surgical planning solution in June 2023 , aiding in its steps toward commercialization.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.