Slovak startup Powerful Medical raises €6.2M in a seed round

The Bratislava-based medtech startup Powerful Medical has raised €6.2 million in a seed round to accelerate global expansion and develop its product. Investors include CB ESPRI Impact One, bpd partners, Venture To Future Fund, and several business angels.

  • Founded in 2017 by Martin Herman, Robert Herman, Simon Rovder, Viktor Jurasek, Powerful Medical develops PMcardio, its flagship, AI-powered medical solution for interpreting ECGs and precisely diagnosing cardiovascular diseases.
  • PMcardio can now accurately detect 38 cardiac diagnoses from a single ECG input. The app also provides precise, guideline-adherent treatment recommendations that help physicians make immediate medical decisions and correctly refer patients to secondary care.

“The PMcardio application will be officially launched in early 2023, but we are already seeing a lot of interest in our technology. This is confirmed by the fact that the pilot version of our digital platform is currently used internationally by more than 12,000 medical professionals”, 

said Martin Herman, CEO and co-founder of Powerful Medical.
  • The fresh round was supported by Slovak investment fund CB ESPRI Impact One, Prague-based family office bpd partners, and Slovak Venture to Future Fund (VFF). 
  • The proceeds will help Powerful Medical further develop its product, expand globally, as well as monetize PMcardio.