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Aevice Health raised $7M in a seed plus round led by Coronet Ventures to enhance product development and expand operations in the US, Japan, and Singapore.

Aug 12, 2024over 1 year ago

Amount Raised

$7 Million

Round Type

seed

SingaporeMedical DeviceMedicalBiotechnologyHealth CareManufacturing

Investors

Seeds CapitalEast VenturesCoronet Ventures

Description

Aevice Health, a medtech firm from Singapore, secured $7 million in a seed plus funding round. The investment, led by Coronet Ventures, will support the company's efforts in enhancing product development and expanding operations in multiple international markets.

Company Information

Company

Aevice Health

Location

Singapore, Southeast Asia, Singapore

About

Aevice Health Pte Ltd is a Singapore-based MedTech spin-off from Nanyang Technological University at the forefront of addressing chronic respiratory disease, one of the generation’s biggest healthcare challenges. The company’s non-invasive wearable devices enable the early detection of cardiopulmonary abnormalities remotely and in real-time, so that patients can receive fast and targeted care from the ease of their homes. Clinicians can also gain insights into their patients’ health and track their responses to treatment plans easily from the Aevice analytical platform. In Aevice Health, our mission is to drive medical innovations that transform healthcare, improve outcomes and empower lives.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers