FEops Secures Additional Capital From the EIC Fund
Summary
GENT, Belgium, October 28, 2022--(BUSINESS WIRE)--FEops, a cloud-based digital health player in the structural heart space, announces that it has secured a convertible loan of EUR 3.3m from its current investors and the EIC Fund in preparation of a larger capital round. It is a seal of quality that the European Commission chooses to continue supporting us, and is now taking the step to provide equity under the form of a convertible loan with the potential of becoming a shareholder." We believe our pioneering digital twin technology, FEops HEARTguide, will play a crucial role to bring heart disease management to the next level. The EIC Fund aims to fill a critical financing gap and its main purpose is not to maximize financial investment returns, but to have a high impact by accompanying companies with and disruptive technologies in their growth. Its objective is to crowd in market players, further sharing risks by building a large network of capital providers and strategic partners suitable for co-investments and follow-on funding.