
Principia invests €7m in Comftech
Italian VC house Principia has invested €7m in medical wearables specialist Comftech.
The GP deployed capital via its Fondo Principia III – Health vehicle to finance the investment. The fund was launched in 2014 and raised €206m, of which around €112m has so far been invested across 13 companies. In July 2017, the GP launched its fifth fund, Utopia, with a €70m target and a focus on the life sciences sector.
The company will use the fresh capital to finance a five-year plan aimed at launching its products on the market in Europe and subsequently in the US.
Company
Founded in 2010 and based in Monza, Comftech specialises in developing and producing clothing equipped with integrated sensors to monitor vital functions in newborn babies, adults and athletes. The company will launch its first product on the market in the coming months, a baby garment provided with sensors able to monitor infants' cardiac activity, respiratory rhythm, movement and position while asleep.
People
Principia – Antonio Falcone (CEO).
Comftech – Alessia Moltani (CEO).
Advisers
Equity – McDermott Will & Emery (legal).
Company – Studio Chiomenti (legal); Deloitte (corporate finance).
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