HTGF et al. invest €500,000 in Microstim

The fresh capital will be used to apply for European CE approval and the first clinical application of Microstim's muscle stimulator.

Genius Venture invested via its Technologiefonds MV fund, a €6m vehicle that closed in April 2009.

Previous funding
HTGF initially invested €500,000 in Microstim in 2009, backing the firm's preparation to enter the clinical trial phase with its muscle stimulator in early 2010.

In 2011, HTGF, Genius Venture and Fides Finanz-Invest injected €1.5m to develop the stimulator further.

Company
Microstim is based in Wismar and was founded in 2007. The company primarly develops tissue-maintaining and function-preserving implantable muscle stimulators for muscle-powered cardiac assistance.

People
Christian Semmler is managing director of HCS. Norbert W Guldner is cardiac surgeon and researcher at Microstim. Peter Klapproth is co-founder and managing director of Microstim.

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