KPN leads €5m seires-B for Personal MedSystems

The deal saw German lender NRW Bank participate in the round alongside existing investors, Seventure Partners and High-Tech Gründerfonds (HTGF). According to a statement, the company expects to raise an additional €700,000 from its existing investors.

The company intends to use the capital to further develop its mobile platform and monitoring device for cardiac symptoms, as well as boost its sales department and expand into the Dutch market.

Previous funding
In November 2010, HTGF invested an undisclosed amount of early-stage capital in Personal MedSystems, and in April 2013 the GP co-led a €2.5m series-A funding round alongside Seventure.

Company
Established in 2008 and headquartered in Frankfurt, Personal MedSystems has developed a mobile-based heart-monitoring app.

Through its smartphone-based ECG device, the app allows customers to self-monitor cardiac activity, flagging possible heart failure symptoms and related action recommendations.

People
KPN Ventures – Herman Kienhuis (managing director).
Personal MedSystems – Markus Riemenschneider, Felix Brand (co-founders).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Early-stage
• Technology
• DACH
• Venture
• Germany
• High-Tech Gründerfonds
• Seventure (SPEF)