Caixa joins CRB in €3m round for Nuubo

Caixa invested via Caixa Innvierte BioMed II, which launched in March 2014 with a €35m target. CRB committed capital from CRB Bio II.

Fides Capital, an existing backer, remains the lead investor in the company alongside new minority partners.

The company expects to grow its revenues in Europe with the aim of exceeding €1m of sales in 2014.

Company
Founded in 2012 and based in Madrid, Nuubo has developed biomedical garments for heart monitoring. The firm's technology allows the electrocardiogram to be read continuously in a non-invasive manner via a piece of clothing. Data can be sent wirelessly and in real time. The firm has also developed analysis and visualisation using artificial intelligence algorithms.

Nuubo employs 22 staff.

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• Topics
• Southern Europe
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• Expansion
• Spain
• Caixa Capital Risc