# Piomic Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/piomic-medical

- Industry: Medical Devices & Equipment
- Headquarters: Zurich, Switzerland
- Website: www.piomic.com
- Total disclosed funding: $7.9M
- Latest round: Series A (Jul 29, 2022)
- Investors on record: 4

## About

Piomic Medical AG is a healthcare technology firm developing advanced medical solutions to enhance patient care and streamline clinical operations. Its innovative product range focuses on medical devices and integrated software for healthcare providers.Founded in 2016 and headquartered in Zurich, Switzerland, Piomic Medical AG specializes in healthcare technology solutions. The company has engaged in 2 deals, with the most recent being a Series A funding round on July 29, 2022, where it raised CHF 7.5 million led by Serpentine Ventures, with participation from National Employment Savings Trust (Nest) Corporation, Verve Ventures, Zürcher Kantonalbank, and other investors. Founders Christopher Hertz, Jari Kruth, and Jürg F bring a wealth of experience in the medical technology field, contributing to the company's innovative approach.Piomic Medical AG specializes in advanced medical solutions focusing on innovative healthcare technologies designed to enhance patient care and streamline clinical processes. The company’s core offerings include state-of-the-art medical devices and integrated software solutions that cater primarily to healthcare providers, including hospitals and outpatient facilities. These products are engineered to address significant challenges in patient management, diagnostics, and treatment protocols, thereby improving clinical outcomes and operational efficiencies. The end users of these products are healthcare professionals and patients located in key geographical markets, notably throughout the European Union and North America, where the demand for advanced medical technologies continues to grow.Piomic Medical AG generates revenue through direct sales and strategic partnerships within the healthcare sector. The company engages in B2B transactions, primarily supplying its medical devices and software solutions to healthcare institutions via a structured sales model that includes both one-time purchases and potential subscription-based service agreements for ongoing software support and updates. Specific pricing plans for its flagship products reflect the advanced technology and high-quality service provided, with transaction structures designed to accommodate various client needs, including bulk procurement by hospitals and tailored offerings for specialty clinics. The company’s revenue model is further supported by long-term contracts with healthcare providers, ensuring stability and predictability in cash flows.Following the Series A funding of CHF 7.5 million in July 2022, Piomic Medical AG plans to develop its clinical efficacy and technology further. The company is focused on launching new products that enhance their medical offerings and support expansion into key markets, particularly within the European Union and North America, to meet the growing demand for advanced medical solutions. These initiatives will be bolstered by the recent funding, which will support R&D efforts and market entry strategies.

## Funding rounds

- Series A, Jul 29, 2022, $7.9M — Zürcher Kantonalbank, National Employment Savings Trust (Nest) Corporation, Verve Ventures, Serpentine Ventures

## Investors

- Zürcher Kantonalbank — Series A
- National Employment Savings Trust (Nest) Corporation — Series A
- Verve Ventures (https://capitalatlas.ai/funds/verve-ventures) — Series A
- Serpentine Ventures (https://capitalatlas.ai/funds/serpentine-ventures) — Series A