Syncrophi Systems raises €1m

The fresh funding will enable the firm to bring its wireless patient monitoring system to market.

AIB Seed Capital Fund is co-managed by Enterprise Equity Venture Capital and the Western Development Fund. It was established in 2007 and holds €53m for investment in early-stage technology companies in Ireland. Investors in the vehicle include AIB Bank and Enterprise Ireland.

Company
Founded in 2007 and based in Galway, Syncrophi is a medical devices company. The firm's core product is a wireless patient monitoring system called KEWS100, which allows patient vital-sign trends (heart rate, temperature, blood pressure, respiration, oxygen saturation) to be continuously monitored while they move about in hospital. The system connects to a centralised nurses' station so clinicians are able to observe and monitor the condition of a patient away from the bedside.

The product is now being installed in the Galway Clinic, with a number of medical facilities in the UK and Ireland soon to implement the technology.

People
Rory Hynes is a partner at Enterprise Equity.

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• Topics
• UK / Ireland
• Healthcare
• Early-stage
• Ireland