QT Medical® Announces Completion of Series B Financing of $12 Million
Summary
QT Medical raised $12 million in Series B financing to speed up market expansion, product development, and long-term planning. The company builds cardiac care technology, including its FDA-cleared Personal Cardiac Assistant device. The PCA 500 is a wireless, cloud-managed 12-lead ECG product used in hospitals, urgent care, schools, flights, and at-home care. Investors in the round included CDIB Capital, Taiwania Capital, Cathay Capital, BE Capital, TMU Biomed, and Quanta Computer. The funding supports QT Medical's goal of broadening access to more advanced cardiac monitoring and care.
Funding
Amount
$12.0M
Total raised
Date
September 26, 2023
Announcement date
Investors
Cathay Capital, CDIB Capital
Lead investors
Company
qtmedical.com
Funded company
Classifications
industries
Fintech & Banking
applications
Data Management
AskAI Classifications
Labels
Healthcare Software
Medical Device Software
SaaS
Linked Companies
QT Medical, Inc.
$1M to $5M