German medtech scaleup Mecuris secures €3.6M in latest funding to fuel growth and accelerate expansion

Back in November last year, we reported about the Germany based medtech startup Mecuris. The scaleup specialises in an online platform, which can be used by orthopedic technicians for creating customisable and 3D-printed orthotics and prosthetics. For its innovative idea, the company also bagged first prize in the “Digital Wellbeing” category, at the EIT Digital Challenge, which is a competition organised by Europe’s leading accelerator, EIT Digital. Now, the scaleup has announced of securing €3.6M in the latest round of funding to fuel growth and accelerate expansion. 

New and existing investors raise funds

Mecuris’ seed investors Bayern Kapital and High-Tech Gründerfonds (HTGF) again  participated in the latest round of funding. In addition, the international investment company Mulcan, life science venture capital investor Vesalius Biocapital, and Sana Kliniken AG (one of the top five hospital chains in Germany) pitched in as well.

“The development of Mecuris into a provider of digital algorithms is now clearly accepted by partners in orthopedic patient care as a step into the future. In order to consistently continue along this path and in view of the milestones achieved in 2019, all investors in the Series-A round have decided, as planned, to continue to provide the company with the necessary resources,” says Mercuris’ Chairman of the Advisory Board, Johannes Schneider-Littfeld. 

Future plans 

The freshly acquired funds will be further utilised to fuel the company’s growth. Mecuris also aims to increase its market penetration of the European market and expand our web-based platform in the field of orthotics. The expansion of the scaleups’ web-based platform is slated to happen by the end of March this year. With this, the Digital Prosthetic Workshop for creating individual prostheses will be supplemented by the Digital Orthotic Workshop. “This will provide CPOs with a simple, intuitive and, above all, time-saving way of creating orthoses completely or using partial steps in a web-based workflow,” Mecuris states in a media release. 

Image credits: Mecuris

Stay tuned to Silicon Canals for more European technology news.