Lublin-based medtech Upmedic obtains €250k from LT Capital

Upmedic, a Polish medtech startup, has raised €250,000 (1.1 million zloty) from LT Capital. It develops and supplies web-based software for creating, storing, and analyzing medical records, Inwestycje.pl reports.

• Upmedic launched its platform for creating, storing, and analyzing textual medical records in 2021.
• Its founders Krzysztof Paczuski and Pawel Paczuski aimed to solve the problem of time-consuming unstructured medical documentation by offering a template library, as well as employing a rich database, artificial intelligence, speech recognition, and automated conclusions.
• The platform is subscription-based, and its services are now available for radiologists.
• Upmedic focuses on the Polish market, where it already has B2C and B2B clients.

“Upmedic is an innovation-driven startup with a great team that creates it. It uses AI / ML to support diagnosticians in their daily work. Considering the problems faced by medical facilities now, we see this investment as beneficial for the healthcare system,” Konrad Gawłowski, investment director at LT Capital, comments.

• LT Capital is currently the only investor for Upmedic. It is a Poland-based early-stage fund focused on breakthrough Industry 4.0 companies, Crunchbase states.
• Upmedic will use the fresh funds to scale to Europe and Latin America and make the system available to other medical specializations.