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The STIFT And Sparkasse Jena-Saale-Holzland Invest In The Blood Pressure Measurement Of The Future

The STIFT and Sparkasse Jena-Saale-Holzland invest in the blood pressure measurement of the future

  • 2018

Red­wave Med­ical GmbH, a Jena, Ger­many based med­ical tech­nol­ogy com­pany, raised a round of fund­ing from the Stiftung für Tech­nolo­gie, Inno­va­tion und Forschung Thürin­gen (STIFT) and Sparkasse Jena-Saale-Hol­z­land.

Red­wave Med­ical has devel­oped soft­ware that allows for the mea­sure­ment of aor­tic blood pres­sure as well as mon­i­tor­ing of the sta­tus of the arter­ies through stan­dard arm cuff blood mea­sure­ment devices. Aor­tic blood pres­sure is more rel­e­vant than periph­eral blood pres­sure in terms of diag­nos­ing and treat­ing high blood pres­sure because impor­tant organs such as the heart, kid­neys, and brain are directly impacted by the cen­tral blood pres­sure. Aor­tic blood pres­sure is there­fore much more impor­tant for deter­min­ing the risk of heart attack and stroke than periph­eral blood pres­sure.

The two new investors join bm-t, beteili­gungs­man­age­ment Thürin­gen gmbh, and angel investor Dr. Ger­hard Scheuch in com­plet­ing Redwave´s seed financ­ing. Red­wave will use the cap­i­tal to com­plete its val­i­da­tion study and for its mar­ket entry in 2019.

About Red­wave Med­ical GmbH:

Red­wave Med­ical GmbH was founded in May 2017 and spe­cial­izes in the fields of bio-sig­nal analy­sis and med­ical algo­rithms. Cur­rently the com­pany is devel­op­ing the first algo­rithm for blood pres­sure arm cuffs in order to non­in­va­sively mea­sure the cen­tral blood pres­sure in the aorta and mon­i­tor arte­r­ial health.

About the Stiftung für Tech­nolo­gie, Inno­va­tion und Forschung Thürin­gen (STIFT):

The STIFT sup­ports inno­v­a­tive tech­nol­ogy com­pa­nies in Thürin­gen within the frame­work of the ThEx Inno­v­a­tive project. Addi­tion­ally, the STIFT invests in selected high-tech start-ups as a co-investor. In this activ­ity, the level of inno­va­tion of the found­ing busi­ness plan and the cor­po­rate poten­tial are the pri­mary con­sid­er­a­tions

About Sparkasse Jena-Saale-Hol­z­land:

The Spar­kasse Jena-Saale-Holz­­­land has been a strong and reli­able part­ner in the region of Jena-Saale-Hol­z­­land for over 185 years. Through its large net­work of branch offices, cus­tomer advi­sors are closely posi­tioned to the bank´s cus­tomers, and the bank is able to make impor­tant deci­sions quickly on loca­tion. From retail accounts to real estate bro­ker­age and con­struc­tion finance to com­mer­cial lend­ing and advi­sory, the Sparkasse offers a com­plete array of finan­cial ser­vices. As a pub­lic insti­tute, the bank´s inter­ests are in sup­port­ing the local econ­omy and the peo­ple liv­ing in the region.

About bm|t:

Erfurt-based, beteili­gungs­man­age­ment Thürin­gen (bm|t) – a sub­sidiary of the Thuringia Devel­op­ment Bank, is the first address for invest­ments in Thuringia, Ger­many. bm-t cur­rently man­ages eight invest­ment funds with a total vol­ume of 320M EUR. bm-t invests in inno­v­a­tive com­pa­nies with strong growth poten­tial across all sec­tors and all phases of the cor­po­rate life­cy­cle.

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