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Aevice Health raises USD 7 million in extended seed funding to expand operations
Preventive Healthcare
Aug 12, 2024
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Preventive Healthcare

Preventive Healthcare

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Aug 12, 2024

Aevice Health raises USD 7 million in extended seed funding to expand operations

Funding

  • Passive remote monitoring company Aevice Health has secured USD 7 million in an extended seed funding round led by Coronet Ventures, with participation from East Ventures and Seeds Capital. This brings the total funds raised by the company to USD 10.1 million.

  • The new funds will enhance product development and expand operations in the US, Japan, and Singapore. The company aims to make its solutions as common as thermometers for managing chronic respiratory diseases at home.

  • Aevice Health has developed AeviceMD, a platform featuring a small and smart wearable stethoscope worn on the right side of the chest and continuously monitors key biomarkers such as respiratory rate, heart rate, and wheezing to assess lung health. The company has obtained approvals for AeviceMD in the US and Singapore. 

  • Analyst QuickTake: In recent months, notable funding activity has been seen in the remote monitoring sector . In July, CoachCare secured USD 48 million to drive its expansion, and in April, Movano Health raised USD 24 million to support its operational needs. Additionally, in February, Aktiia raised USD 30 million to advance its blood pressure monitoring device.

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