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Protembis raised €20 million in debt financing from the European Investment Bank to develop a brain protection device for cardiac treatments.

PRIVATEJul 30, 2024

Amount Raised

€20 Million

Round Type

Debt Financing

AachenBiotechnologyHealth CareMedicalMedical Device

Investors

European Investment Bank

Description

The European Investment Bank (EIB) provided €20 million in risk loans to the German medical technology company Protembis for the development of a next-generation device intended to protect patients' brains during certain cardiac treatments. This funding aims to support clinical trials, research, development, and market access for the ProtEmbo system.

Who else raised in Medical and Medical Device around the same time

Companies in the same sectors as Protembis GmbH that raised within 45 days of this round, from Fundz verified event records.

  • XS Innovations raised $1.2M (Seed) on September 12, 2024.
  • PanTera raised $103M (Series A) on September 11, 2024.
  • CorFlow Therapeutics AG raised $49M (Series B) on September 10, 2024.
  • HEPTA Medical raised $6.3M (Series A) on September 4, 2024.
  • Segmed raised $10M (Series A) on September 3, 2024.
  • Flyte raised $496K (Seed) on September 3, 2024.

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Company Information

Company

Protembis GmbH

Location

Aachen, North Rhine Westphalia, Germany

About

Protembis GmbH is a privately held emerging medical device company that has developed the ProtEmbo® Cerebral Protection System. The company strives to provide a simple and reliable solution to protect patients from brain injury during left-sided heart procedures, improving patient quality of life and reducing overall healthcare costs associated with brain injury during such procedures.

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Protembis GmbH raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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