Finnish startup Surgify Medical Oy raises $1.7 million

Espoo-based Surgify Medical Oy, a healthcare technology startup, has raised $1.7 million in funding. According to the company`s press release, the round was led by Finnish venture capital investor Innovestor Ventures, Swedish investor Peter Lindell, and well-known Finnish angel investor and healthcare entrepreneur Leena Niemistö.

Image credits: the Surgify`s press-release

Founded in 2017 by Shahab Haeri, Visa Sippola, Juho Carpén, and Jukka Kreander, Surgify Medical Oy is developing an internationally recognized surgical drill that aims to make bone surgery safer. The product is a safety tip that is connected to existing surgical drills. The patented safety mechanism prevents the drill from damaging important soft tissues, such as nerves and blood vessels.

The funding will be used to bring Surgify’s safer surgical drill to market. The company is now bringing its technology to the market, aiming for the first hospital customers in Finland and the Nordics next year, and expanding to international markets after this.

“This third investment round is an important milestone for Surgify, and, combined with the market approval and patents, positions the company well for market entry. Despite long development cycles in the medical industry, we believe that our work will pay off and that we have a good foundation for building a global business”, Visa Sippola, the CEO and Co-Founder of Surgify, says.