eUR 8 million for Berlin-based MedTech company DiaMonTech
International follow-up financing with business angels and Samsung Next
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DiaMonTech AG, a Berlin-based MedTech company in the field of non-invasive blood glucose monitoring, has successfully closed a follow-up financing of 8 million euros. The round was led by Companisto, the largest business angel network in the D-A-CH region. In addition to business angels, renowned international venture capital companies and institutional investors such as Samsung Next also participated.
A milestone for business angels as key investors
With this financing, Companisto shows that business angels can play a key role not only in the early phase, but also in complex follow-up rounds - on an equal footing with VCs and institutional investors such as Samsung Next
Andreas Fakler, Investment Director at Companisto, says: "This round proves that business angels can successfully lead international growth financing if they are professionally organized. We combine entrepreneurial know-how, capital and international connectivity."
MedTech with impact and international relevance
DiaMonTech AG is developing a patented technology for non-invasive blood glucose monitoring. The fresh capital will be used for market entry in Europe and the USA as well as for regulatory approvals. In addition to Companisto, relevant international venture capital companies and family offices are already convinced by DiaMonTech. Samsung Next, among others, also participated in this round.
Thorsten Lubinski, CEO of DiaMonTech AG, comments on the round: "The business angel network Companisto has exceeded our expectations. Both the sum of 8 million euros from the network and the quality of the individual investors impressed me greatly. It's great to see that there is so much support for deep tech "made in Germany" in German-speaking countries."
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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