Implandata Ophthalmic Products Raises Further €1.6M in €3.0M Series A Financing

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Summary

Implandata Ophthalmic Products GmbH (IOP), a Hannover, Germany-based specialist in diagnostic systems for monitoring chronic eye diseases such as glaucoma, has completed a €1.6m second closing of its €3.0m Series A financing.The company intends to use the capital to run a CE trial to achieve early market access for its new diagnostic system.Led by Max Ostermeier, Managing Director, IOP has developed a new diagnostic system that can (on demand and repeatedly) measure the intraocular pressure of an individual glaucoma patient.It enables early diagnosis of the disease as well as monitoring the progression and therapy, thereby protecting patients against blindness.In the future, the system will be embedded in a telemedical diagnostic platform which will allow a better guidance of these patients by connecting them with doctors and thereby improving/increasing compliance.

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Amount $2.0M Total raised
Date August 30, 2012 Announcement date
Investors Peppermint Venture Partners, EnjoyVenture Lead investors
Company http://implandata.com Funded company

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