# contextflow

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/contextflow

- Industry: Software
- Headquarters: Vienna, Austria
- Website: www.contextflow.com
- Total disclosed funding: $8.1M
- Latest round: Series A (Sep 7, 2021)
- Investors on record: 8

## About

Based in Austria, contextflow GmbH specializes in advanced artificial intelligence solutions for the radiology sector, enhancing the analysis of medical imaging with a focus on lung health.contextflow GmbH is a radiology technology company founded in 2016 in Vienna, Austria. The firm focuses on providing AI-driven solutions for healthcare, particularly in imaging analysis. Founded by Markus Holzer, the company has attracted investment through three deals, with its latest funding round being a Series A completed on September 7, 2021, where it raised EUR 2 million from Apex Ventures, Peak Pride, and Start-up Unit, totaling EUR 2 million raised.Contextflow specializes in advanced artificial intelligence solutions for the radiology sector, particularly through its core product, contextflow ADVANCE Chest CT. This software enhances the efficiency and quality of chest CT analysis, targeting lung cancer, interstitial lung disease (ILD), and chronic obstructive pulmonary disease (COPD). The platform offers computer-aided detection support, nodule detection and quantification, nodule tracking, and qualitative analysis of 19 distinct image patterns. Its end users include radiologists and healthcare professionals in hospitals and medical institutions across Europe and various international healthcare facilities.Contextflow operates on a B2B model, generating revenue through subscription agreements with healthcare organizations for its contextflow ADVANCE Chest CT platform. Clients pay based on their operations and the size of their imaging departments, typically via annual or multi-year contracts, allowing for seamless integration into existing workflows. While specific pricing details are proprietary, the company's pricing strategy reflects the value of time savings and improved reporting quality, thereby facilitating better clinical decision-making and positively impacting patient care.In September 2021, contextflow GmbH raised EUR 2 million in Series A funding to accelerate market entry in Europe and the US, which includes plans to obtain FDA clearance for its SEARCH Lung CT product. The funding will also support the expansion of its product offerings to cover a wider range of organs and modalities. The company aims to enhance its market presence significantly by the end of 2023.

## Funding rounds

- Series A, Sep 7, 2021, $2.4M — Start-up Unit, Apex Ventures, Peak Pride
- Series A, May 17, 2021, $5.7M — HBA Beteiligungs GmbH, Nova Capital, Apex Ventures, Nina Capital, Crista Galli Ventures, B&C Innovation Investments GmbH

## Investors

- HBA Beteiligungs GmbH — Series A
- Nova Capital — Series A
- Apex Ventures (https://capitalatlas.ai/funds/apex-ventures) — Series A
- Nina Capital (https://capitalatlas.ai/funds/nina-capital) — Series A
- Crista Galli Ventures (https://capitalatlas.ai/funds/crista-galli-ventures) — Series A
- B&C Innovation Investments GmbH — Series A
- Start-up Unit — Series A
- Peak Pride (https://capitalatlas.ai/funds/peak-pride) — Series A