Swiss medical equipment startup raises more than $14M to roll out imaging solution
Pristem, a Swiss medical equipment startup, announced this week that it has closed a round of financing worth $14.4 million (CHF 14 million).
The company said it will use the money to fund the production of its patent-pending “all-in-one” digital radiology solution, which was designed to bring affordable care to “remote areas and difficult environments, particularly in low- and middle-income countries.” Pristem expects the solution to be commercially available within the next two years.
Funds were raised from investors in Switzerland and Africa. Privegest, based out of Switzerland, was the lead investor.
“We decided to invest in Pristem and support its development because of its comprehensive and disruptive approach,” Blaise Mentha, a representative from Privegest, said in a prepared statement. “It is similar to building an ‘advanced all-terrain vehicle,' i.e., a robust, cost-effective and capable of working effectively in both modern cities and the most remote locations.”
Michael has more than 18 years of experience as a professional writer and editor. He has written at length about cardiology, radiology, artificial intelligence and other key healthcare topics.